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Problem 4-6 A 30 yearfully amoruzing mortgage loan was made 10 years ago for $75,000 at 6 percent interest. The borrower would like to prepay

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Problem 4-6 A 30 yearfully amoruzing mortgage loan was made 10 years ago for $75,000 at 6 percent interest. The borrower would like to prepay the mortgage balance by $10.000 Required: Assuming he can reduce his monthly mortgage payments, what is the new mortgage payment? Assuming the loan maturity is shortened and using the original monthly payments, what is the new loan maturity Complete this question by entering your answers in the tabs below. Required A Required Assuming he can reduce his monthly mortgage payments, what is the new mortgage payment? (Round your final answer to 2 decimal places 5 370.02 Required) A 30-year fully amortizing mortgage loan was made 10 years ago for $75,000 at 6 percent interest. The borrower would like to prepay the mortgage balance by $10,000 Required: a. Assuming he can reduce his monthly mortgage payments, what is the new mortgage payment? b. Assuming the loan maturity is shortened and using the original monthly payments, what is the new loan maturity Complete this question by entering your answers in the tabs below. Required A Required B Assuming the loan maturity is shortened and using the original monthly payments, what is the new loan maturity? (Foundup your answer to the nearest whole number) New loan maturity 177 months

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