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Consider the following fixed - rate, level - payment mortgage: maturity = 3 6 0 months amount borrowed = $ 4 0 0 , 0
Consider the following fixedrate, levelpayment mortgage: maturity months amount borrowed $ annual mortgage rate
a What is the monthly mortgage payment?
b What would the remaining mortgage balance be at the end of the th month?
c What is the portion of the monthly mortgage payment that is the scheduled principal payment for month
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