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Please eolve this question on excell and show formulas please. 7. A fully amortizing mortgage is made for $100,000 at 6.5 percent interest. If the

Please eolve this question on excell and show formulas please.

7. A fully amortizing mortgage is made for $100,000 at 6.5 percent interest. If the monthly payments are $1,000 per month, when will the loan be repaid

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