Problem on the negative amortizing loan

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Question: A mortgage loan in the amount of $50,000 is made at 12 percent interest for 20 years. Payments are to be monthly. What are the monthly payments if it is a negative amortizing loan and the loan balance will be $75,000 at the end of year 20? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131794230

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