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Whats the Quarterly pmt? Your local bank has offered you a 15-year, $100,000 mortgag. Payments on the mortgage are quaterly and are based on a

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Whats the Quarterly pmt?

Your local bank has offered you a 15-year, $100,000 mortgag. Payments on the mortgage are quaterly and are based on a 12% annual interest rate on the full amount of the mortgage. 3 Part A. Calculate the quarterly mortgage payment A MORTGAGE WITH ORIGINATION FEE 5 Mortgage principal 100,000 6 Quoted annual interest 12.00% 7 Origination fee 0.80% 8 Mortgage term (years) 15 9 Quarterly Mortgage Payment

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