Business, 22.10.2020 19:01 terrysizemore666

A partially amortizing mortgage is made for $180,000 for a term of 30 years. The borrower and lender agree that a balance of $40,000 will remain and be repaid as a lump sum at that time. If the interest rate is 6.50%, what must the monthly payment be over the 30 year period

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A partially amortizing mortgage is made for $180,000 for a term of 30 years. The borrower and lender...