Question: A fully amortizing mortgage loan is made for $ 1 1 9 , 0 0 0 at 6 percent interest for 3 0 years. Note:
A fully amortizing mortgage loan is made for $ at percent interest for years.
Note: Do not round intermediate calculations. Round your final answers to decimal places.
How much total interest and principal that would be paid over the entire year life of the mortgage if interest is paid:
Monthly.
Quarterly
Annually
Weekly
Which payment pattern would have the greatest total amount of interest over the year term of the loan?
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