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Cindy and max have a 300000 home loan for 30 years at

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Cindy and Max have a 300,000 home loan for 30 years at nominal interest rate 7.2% convertible monthly. Find:

a. their monthly payment
b. their balance after 180 payments
c. the total amount of interest paid in their first 180 payments
d. the amount of principle in the 120th payment

Reference no: EM13570270

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