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Question 2 (5 points) Consider a fully amortizing constant payment mortgage (CPM). Why do the Monthly Interest Accrual and Outstanding Loan Balance curves look so

Question 2 (5 points) Consider a fully amortizing constant payment mortgage (CPM). Why do the Monthly Interest Accrual and Outstanding Loan Balance curves look so similar when plotted against time (months) to the end of amortization period? [Answer by writing in the designated space on My Courses. Do not copy and paste from external files/sources. Do not use bullets, instead answer using complete sentences]

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