Question: Question 2 : A fully amortizing mortgage is made for $100,000 at 6.5 percent interest. If the monthly payments are $1,000 per month, when will

Question 2 : A fully amortizing mortgage is made for $100,000

Question 2 : A fully amortizing mortgage is made for $100,000 at 6.5 percent interest. If the monthly payments are $1,000 per month, when will the loan be repaid? Solution

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