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Scenario: Mortgage Loan = $150,000 Loan length = 30 years Interest rate = 6% annually the monthly payment would be $899 Question: If you decide

Scenario: Mortgage Loan = $150,000 Loan length = 30 years Interest rate = 6% annually the monthly payment would be $899 Question: If you decide to amortize the loan over 15 year, what will be your monthly payment? and please explain how to do amortize mortgage as my book does a poor job of explaining it.

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