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Question 4 (15 Points) You want to buy a house, and a local bank will lend you $150,000. The loan will be fully amortized over

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Question 4 (15 Points) You want to buy a house, and a local bank will lend you $150,000. The loan will be fully amortized over 10 years, and the nominal interest rate will be 12% with interest paid monthly. @ What will be the monthly loan payment? (b) Using an excel spreadsheet, draw up an amortization table for your mortgage loan. You can paste your answer below, or you can take a screenshot of you excel spreadsheet and upload it on blackboard along with your work

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