Assume the following information for a home, Financial Management

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Assume the following information for a home

Assume the following information for a home mortgage:

Original loan amount = $130,000 Annual interest rate = 5.75% Term of loan = 30 years

How much principal and interest was paid in year four, and what is the principal balance on the loan after four years?

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Financial Management: Assume the following information for a home

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