Question: Problem 4 - 4 A fully amortizing mortgage loan is made for $ 1 1 9 , 0 0 0 at 6 percent interest for

Problem 4-4
A fully amortizing mortgage loan is made for $119,000 at 6 percent interest for 30 years.
Note: Do not round intermediate calculations. Round your final answers to 2 decimal places.
a. How much total interest and principal that would be paid over the entire 30-year life of the mortgage if interest is paid:
Monthly.
Quarterly
Annually
Weekly
b. Which payment pattern would have the greatest total amount of interest over the 30-year term of the loan?
Problem 4-4 A fully amortizing mortgage loan is made for $119,000

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