The loan is to be repaid over 10 years the monthly mortgage


Assume a mortgage loan with an outstanding principal balance of $100,000.00 and an interest rate of 6.0%. The loan is to be repaid over 10 years. The monthly mortgage payment is $500.00 plus accrued interest. What type of amortization plan is this?

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Business Management: The loan is to be repaid over 10 years the monthly mortgage
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