Payments being the same amount respectively

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Reference no: EM133359814

Question: On the fourth tab build the full amortization table for a 30 year Graduated Payment Mortgage (GPMJ Loan with a 6.5% interest rate compounded monthly. The initial loan amount should be $1,500,000. There should be 2 step ups, each a 10% increase. One every 2 years with the 1st through 24th, 25th through 48th, and 49th through 360th payments being the same amount respectively.

Reference no: EM133359814

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Payments being the same amount respectively : One every 2 years with the 1st through 24th, 25th through 48th, and 49th through 360th payments being the same amount respectively

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