Question: A fully amortizing mortgage loan is made for $ 8 8 , 0 0 0 at 6 percent interest for 2 5 years. Payments are

A fully amortizing mortgage loan is made for $88,000 at 6 percent interest for 25 years. Payments are to be made monthly.
Required:
e. Calculate total monthly interest and principal payments through year 10.
f. What would the breakdown of interest and principal be during month 50?

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