Question: What is the constant payment loan? A fully amortizing CAM loan is made for $140,000 at 6 percent interest for 20 years. Required: a. What

What is the constant payment loan?

A fully amortizing CAM loan is made for $140,000 at 6 percent interest for 20 years. Required: a. What will be the payments and balances for the first six months? b. What would payments be for a CPM loan? c. If both loans were repaid at the end of year 5, would the lender earn a higher rate of interest on either loan? ok Complete this question by entering your answers in the tabs below. nces Required A Required B Required C What would payments be for a CPM loan? (Round your final answer to 2 decimal places.) Constant payment loan

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