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Problem Two: As part of your plan to become a first time, home owner, you take a mortgage from your local bank. The principal loan
Problem Two: As part of your plan to become a first time, home owner, you take a mortgage from your local bank. The principal loan amount is $ the tenor is years, and the interest rate is Assuming a fixed total annual payment model for this mortgage, a compute the fixed annual payment for this loan using the PMT function as shown in class, b Create an amortization schedule for your mortgage, c using a bar chart, graph the cash flows ie Total Payment, Interest Paid, and Principal Paid on the axis versus time on the xaxis, d add data labels to your series, so that you can easily visualize the data. Points
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