Question: Soru 3 A borrower obtains a fully amortizing loan for $80,000 at 12 percent for 8 year. Payments are monthly. If the loan is CAM

Soru 3 A borrower obtains a fully amortizing loan for $80,000

Soru 3 A borrower obtains a fully amortizing loan for $80,000 at 12 percent for 8 year. Payments are monthly. If the loan is CAM (constant amortizing mortgage) loan, what would be the third monthly payment? (Answer is rounded) Yanitiniz: 1617 1516 1393 1486 o 1603

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