Question: 1. Type out equation and fill it in. 2. Put formulas into excel and show numbers and formula. FULLY AMORTIZING MORTGAGE O Loan amount of

1. Type out equation and fill it in. 2. Put formulas into excel and show numbers and formula.

1. Type out equation and fill it in. 2. Put formulas into

FULLY AMORTIZING MORTGAGE O Loan amount of $200,000 Interest rate of 3.5% Term of 30 years What is the monthly payment? What is the outstanding mortgage amount at the end of period 157? What is the principal payment during the period 236

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