What is the monthly mortgage payment on a 1 million dollar loan, 25 year Amortization,...
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What is the monthly mortgage payment on a 1 million dollar loan, 25 year Amortization, with 5% interest. Please answer this question.
Then, With this question, what is the balance of the loan amount in this scenario at the end of year 10?
Please show all work in excel thank you!! Also, please give correct values that correspond to the excel.
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