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Sally borrows $300,000. The loan requires monthly payments for 30 year at 5% APR. a. What would the monthly payment be? b. What is the

Sally borrows $300,000. The loan requires monthly payments for 30 year at 5% APR.

a. What would the monthly payment be?

b. What is the PV of only the interest payments?

c. What is the PV of only the principal payments?

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