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PROBLEM ( 5 - 6 ) ( 5 ) Assume a 3 0 - year mortgage loan for $ 2 5 0 , 0 0
PROBLEM
Assume a year mortgage loan for $ for years at an annual rate of What would be your fixed annual and monthly payments? Enter the inputs into the appropriate cells in column and set this up so that your answers are displayed as positive values. Round all values to two places after the decimal point.
For the loan in WS prepare the first two monthly payment rows of the amortization table.
tableLOAN AMOUNT,$
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