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give me answer Instnictions Find the MONTHLY mortgage PAYMENT of stress tested(+2%) on your rate of 3.75% with a 25 year amortization mortgage. You will
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Instnictions Find the MONTHLY mortgage PAYMENT of stress tested(+2%) on your rate of 3.75% with a 25 year amortization mortgage. You will use the mortgage amount from previous sections. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question $412088.4 25 Years P/Y C/Y Present Value of Loan (PV Pl Months P2 Months 12 12 1 31 Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) 300 Mortgage Rate As % (I/Y) - Value At End of Loan (FV) PRINCIPAL PAID (PRN) 3.75 Section Value: 7 INTEREST PAID (INT) Submit AnswersStep by Step Solution
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