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Please solve in Excel! Your local bank has offered you a 20-year, $100,000 mortgage. The bank is charging 1.5 points, with processing costs of $750;

Please solve in Excel!
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Your local bank has offered you a 20-year, $100,000 mortgage. The bank is charging 1.5 points, with "processing" costs of $750; both points and processing costs are deducted from the mortgage when it is given. The mortgage carries a 10% annual interest rate and is paid in 20 equal annual payments. Note that the annual payments on the mortgage are calculated on the full amount of the mortgage (that is, $100,000). 1. Calculate the annual mortgage payment. 2. Calculate the EAIR 3. Present an amortization table which shows the amount of effective interest payment and repayment of principal each year

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