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Please show answer in excel You have just made a new home and are seeking a mortgage. You need to borrow $591 million. A) The
Please show answer in excel You have just made a new home and are seeking a mortgage. You need to borrow $591 million. A) The bank offers a 30 year mortgage with fixed monthly payments and an interest of 0.46% per month. What is the amount of your monthly payment if you take this loan? B) Suppose you take the 30 year mortgage described in part a). How much will you owe to the mortgage after 15 years?
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