Question: question 9 and 10 fully explained Question 2 What are two ways that a personal residence can be viewed as an asset for its owner.

question 9 and 10 fully explained

Question 2 What are two ways that a personal residence can be viewed as an asset for its owner. (4 points) Question 10 A borrower takes-out a partially amortizing loan in the amount of $600,000 for 10 years at 6% APR, compounded monthly. A balance of $300,000 will remain and be paid off as a lump sum when the term of this loan expires. (a) What are the monthly mortgage payments the borrower must make to the lender? (5 points) (b) What is the outstanding balance of the loan after 5 years? (5 points)

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