Question: A borrower obtains a fully amortizing CPM loan for $ 1 2 5 , 0 0 0 at 1 1 percent interest for 1 0

A borrower obtains a fully amortizing CPM loan for $125,000 at 11 percent interest for 10 years.
What will be the monthly payment on the loan? If this loan had a maturity of 30 years, what would be the monthly payment?
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