Loan amortization schedule

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Reference no: EM132040454

Assume a mortgage loan amount of $ 400,000, with annual interest rate 4% and 15 years term 1. Calculate annual payment amount 2. Calculate monthly payment amount 3. Do you pay more annually or monthly? Why? 4. Prepare a 180 month loan amortization schedule. How much is your total interest payment?

Reference no: EM132040454

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