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The loan is for $150,000 with a rate of 6% for 30 years payable monthly. Calculate...

  1. The loan is for $150,000 with a rate of 6% for 30 years payable monthly.
  1. Calculate the Monthly Payment (MP):
  2. Do a monthly Amortization Table for 4 months using the MP:
  3. Calculate the Loan Balance (LB) using the formula approach at the end of 4 months.

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jeff jeffy answered 1 year ago
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