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not using excel 5. A fully amortized mortgage is made for $100,000 for 10 years. Interest rate is 6.12 percent per year compounded monthly. a)
not using excel
5. A fully amortized mortgage is made for $100,000 for 10 years. Interest rate is 6.12 percent per year compounded monthly. a) Draw the cash flow diagram. b) What is the monthly payment amount? c) What is balance of the loan at the end of 5 years? d) What is the total interest paid by the end of the fifth year Step by Step Solution
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