A fully amortizing mortgage loan is made for $118,000 at 6 percent interest for 30 years. Required: a. Determine payment

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answerhappygod
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A fully amortizing mortgage loan is made for $118,000 at 6 percent interest for 30 years. Required: a. Determine payment

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A fully amortizing mortgage loan is made for $118,000 at 6percent interest for 30 years.
Required:
a. Determine payments if interest isaccrued monthly.b. Determine payments if interest is accruedquarterly.c. Determine payments if interest is accruedannually.d. Determine payments if interest is accruedweekly.
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