Question: A fully amortizing mortgage loan is made for $ 8 0 , 0 0 0 at 6 percent interest for 2 5 years . Payments
A fully amortizing mortgage loan is made for $ at percent interest for years Payments are to be made monthly Required: a Calculate monthly payments b Calculate interest and principal payments during month Calculate total principal and total interest paid over years d Calculate the outstanding loan balance at the end of year e Calculate total monthly interest and principal payments through year What would the breakdown of interest and principal be during month Complete this question by entering your answers in the tabs below Required ARequired B Required C Required D Required E Required F What would the breakdown of Interest and principal be during month Note : Do not round Intermediate calculations Round your final answers to the nearest whole dollar Interest payment Principal payment
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