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Posted on Jul 31, 2024

Suppose you take an FRM of $ 4 5 0 , 0 0 0 at 6 . 2 5 % for 3 0 years, monthly

Suppose you take an FRM of $

450, 000

6.25 %

for

30

years, monthly payments with one discount point. Based on the amortization schedule, what is the breakdown of interest

and repayment of principal for the payment in month

70 ?

using financial calculator only

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