A mortgage loan is made in the amount of $50,000 at 12 percent interest for 20 years.

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A mortgage loan is made in the amount of $50,000 at 12 percent interest for 20 years. Payments must be monthly. What are the monthly payments if it is a negative amortization loan and the loan balance will be $75,000 at the end of year 20?

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Posted Date: May 18, 2023 08:27 AM

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A mortgage loan is made in the amount of $50,000 at 12 percent interest for 20 years.

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In a negative amortization loan the monthly payments may not be sufficient to cover the interest cha... View the full answer

Real Estate Finance and Investments

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