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If you have a $150,000 30-year 5% mortgage on a house in Zhuhai. A) (5 marks) Calculate the monthly payment of the loan (assuming equal

If you have a $150,000 30-year 5% mortgage on a house in Zhuhai.

A) (5 marks) Calculate the monthly payment of the loan (assuming equal payment at the end of each month).

B) (5 marks) Calculate the amount of loan outstanding at the end of 10th year or after you have made monthly payments as calculated in A) for 10 years.

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