Question: A fully amortizing CAM loan is made for $ 1 3 4 , 0 0 0 at 6 percent interest for 2 0 years. Required:
A fully amortizing CAM loan is made for $ at percent interest for years.
Required:
a What will be the payments and balances for the first six months?
b What would payments be for a CPM loan?
c If both loans were repaid at the end of year would the lender earn a higher rate of interest on either loan?
Complete this question by entering your answers In the tabs below.
What will be the payments and balances for the first six months? Round your intermediate calculations and final answers to the decimal places.
tableTotal Payment,End BalanceMonth Month Month Month Month Month
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