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Please write out work of answer not just using graphs from computer programs. A 30 year monthly payment mortgage loan for 500,000 is offered at
Please write out work of answer not just using graphs from computer programs.
A 30 year monthly payment mortgage loan for 500,000 is offered at a nominal rate of 8.4 % convertible monthly. Find a.) the monthly payment b.) the total principal and total interest that would be paid over the 30 years c.) the outstanding loan balance after five years d.) the total principal and total interst paid over the first five paymentsStep by Step Solution
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