Question: Patrick received a mortgage for a property he was interested in investing in for a while. The mortgage lasts thirty years with a 6.75% annual

Patrick received a mortgage for a property he was interested in investing in for a while. The mortgage lasts thirty years with a 6.75% annual interest rate for a loan of $500,000. Calculate the interest and principal payments for the first six years of the mortgage. (Show your calculations). What will be the remaining principal balance at the end of the 17th and 27th years? (You only need to specify these two numbers). (in excel)

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