Mathematics, 27.05.2021 19:00, cutekute22

A $80,000 mortgage loan is made at a 12 percent (nominal) rate of interest for 30 years. What isthe constant monthly mortgage payment on this loan, assuming it is to be fully amortized at the end of 30 years? Determine the loan balance at the end of 10years and construct a oneyear amortization schedule

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A $80,000 mortgage loan is made at a 12 percent (nominal) rate of interest for 30 years. What isthe...