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The loan is to be paid off in equal installments over 30

You take out a 30 year loan for 450,000 at a 6% rate annually. The loan is to be paid off in equal installments over 30 years. Far an amaorization table showing the beginning balance, total payment, principle repayment, interest payment and ending balance for each month. How much is the total interest payment for the five months?

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Finance Basics: The loan is to be paid off in equal installments over 30

Reference No:- TGS02770068

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