Question: please slove it step by stepthx Q2: A borrower obtained a constant amortisation mortgage (CAM) loan of $450,000 for a term of 25 years at

please slove it step by stepthx

Q2: A borrower obtained a constant amortisation mortgage (CAM) loan of $450,000 for a term of 25 years at an interest rate of 6%. Assuming the payments are made monthly, what will be the amount of the 20th payment? Round your answer to two decimal places

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