Question: ( a ) Compute the amount a borrower must repay per month, given a mortgage loan having principal 2 5 0 , 0 0 0
a Compute the amount a borrower must repay per month, given a mortgage loan having principal a fixed monthly interest rate of and a term of years.
b Consider a mortgage having the same principal and rate of interest as above, but this time the monthly repayment is What is the term of the loan?
c Suppose that the borrower wishes to borrow the same amount as above, at the same rate of interest, but can only afford to repay per month What is going to happen in this situation?
Do partsab and c please
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