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Consider a mortgage loan of Kshs 60,000 at in interest rate of 12% payable annually for five years. Prepare the loan amortisation table for a)Fully

Consider a mortgage loan of Kshs 60,000 at in interest rate of 12% payable annually for five years.

Prepare the loan amortisation table for

a)Fully amortising CPM loan

b)Partial amortising CPM mortgage loan if the desired balance at the end of five years is Kshs 40,000

C)Interest only CPM mortgage loan

d)Negative amortising CPM mortgage loan if the desired balance at end of five years is Kshs 80,000

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