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Business, 25.04.2020 04:47 marinahuntg

Suppose a potential home buyer is interested in taking a fully amortizing $500,000 mortgage loan that has a term of 30 years and a fixed mortgage rate of 5.25% payable monthly. What is the total interest and principal paid over the first five years (60 payments)

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Suppose a potential home buyer is interested in taking a fully amortizing $500,000 mortgage loan tha...
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