show steps to calculation!! : Consider a $ 5 , 0 0 0 , 0 0 0
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Question:
show steps to calculation!! : Consider a $ constant payment mortgage CPM with monthly payments. What is the regular monthly payment amount and the balloon payment amount in each of the following cases:
a Fullyamortizing, year loan
byear amortization, year balloon
cyear amortization, year balloon
d What is the major disadvantage, and advantage, of the year amortizationrate year loan in c as compared to the year amortizationrate year loan in b
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