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 is made for $100,000at6 percent interest for 30 years.
Determine payments for each of the periods a-d below if interest is accrued
a. Monthly.
b. Quarterly.
c. Annually.
d. Weekly.
how much total interest and principal would be paid over the entire
30-year life of the mortgage in each case? Which payment pattern would have the greatest total
amount of interest over the 30-year term of the loan? Why?

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