Question: A fully amortizing mortgage loan i s made for $ 1 0 0 , 0 0 0 a t 6 percent interest for 3 0
A fully amortizing mortgage loan made for $ percent interest for years.
Determine payments for each the periods below interest accrued
Monthly.
Quarterly.
Annually.
Weekly.
how much total interest and principal would paid over the entire
year life the mortgage each case? Which payment pattern would have the greatest total
amount interest over the year term the loan? Why?
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