Assume you take out a 180000 30 year mortgage at 35 the


Assume you take out a $180,000, 30 year mortgage at 3.5%. The loan is fully amortized and payments are monthly.

Find

1 .The amount of interest paid over the 5 years of the loan(60 months)

2. The loan balance after 60th payment is made

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Financial Management: Assume you take out a 180000 30 year mortgage at 35 the
Reference No:- TGS01261385

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