How much interest will be paid during the ten year of loan

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Reference no: EM131995800

A lender makes a 100,000 mortgage at 12% interest with monthly payments for 25 years. How much principal will be repaid during the 10th year of the loan? How much interest will be paid during the 10th year of the loan? Show Calculations using a financial calculator. (i.e. I=?, PMT=? etc)

Reference no: EM131995800

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