Question: Construct a loan amortization table for a 20-year fixed rate mortgage with annual interest rate of 3.6%. The amount borrowed is $500,000 . In addition,

Construct a loan amortization table for a 20-year fixed rate mortgage with annual interest rate of 3.6%. The amount borrowed is $500,000 . In addition, compute the AL (average life) of the loan. Assum...

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