Question: Your uncle will finance $ 3 8 2 , 0 0 0 for a new home...assuming a 1 5 year mortage, compounded monthly at the

Your uncle will finance $382,000 for a new home...assuming a 15 year mortage,
compounded monthly at the 6.8% APR. Compute the following:
a. His monthly payment
b. Amortization schedule for entire 180 months.
c. The EAR of the 6.8% APR and its significance (verbal).

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