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Question 1 Ally amortizing mortgage loan is made for $80,000 at 6 percent interest for 25 yeur. Payments are to be made monthly Required: a

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Question 1 Ally amortizing mortgage loan is made for $80,000 at 6 percent interest for 25 yeur. Payments are to be made monthly Required: a Calculate monthly payments. b. Calculate interest and principal payments during month 1 c. Calculate the outstanding loan balance if the loan is repaid at the end of year 10. For the toolbar, press ALT F10 (PC) or ALT FN F10 (Mac)

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