Question: 1 ) A borrower obtains a fully amortizing CPM loan for $ 1 2 5 0 0 0 at 6 % interest for 1 0
A borrower obtains a fully amortizing CPM loan for $ at interest for years. What will be the monthly payment on the loan? If this loan had a maturity of years, what would be the monthly payment?
A fully amortizing mortgage loan is made for $ at interest for years. Payments are to be made monthly
Calculate:
a Monthly payments.
b Interest and principal payment during month
c Total principal and total interest paid over years.
d The outstanding loan balance if the loan is repaid at the end of year
e total monthly interest and principal payment through year
f what would the breakdown of interest and principal be during month
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