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17.3 - AMORTIZATION PERIOD 15 YEARS MORTGAGE RATE 10 CASE#2...

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MONTHLY MORTGAGE  PAYMENT CALCULATIONS
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MONTHLY MORTGAGE PAYMENT FACTORS (Principal and interest factors per $1,000 of loan am’t)  
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CALCULATING MONTHLY  MORTGAGE PAYMENTS WHAT IS THE MONTHLY MORTGAGE PAYMENTS  FOR A $100,000 MORTGAGE BASE ON THE  FOLLOWING: CASE #1
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Unformatted text preview: AMORTIZATION PERIOD: 15 YEARS MORTGAGE RATE: 10% CASE #2 AMORTIZATION PERIOD: 20 YEARS MORTGAGE RATE: 6% CALCULATING MONTHLY MORTGAGE PAYMENTS CASE #1 $100,000/$1,000 x 10.63 =$1,063 CASE #2 $100,000/$1,000 x 7.12 = $712...
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