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Consider two loans of $ 1 0 0 , 0 0 0 , both with fixed monthly payments. 1 . APR = 6 % ,
Consider two loans of $ both with fixed monthly payments.
APR years, full amortization.
APR years, only $ is amortized. This means that after years, the borrower has paid down $ and the remaining balance is $
What is the difference in the monthly payment amounts? ie Payment minus Payment
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