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What is the mortgage period payment

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Reference no: EM132652134

Assume a mortgage with a principal of 100000 paying every 4 months. The maturity of the mortgage is 2 years and its yield is 3%.

a. What is the mortgage period payment?

b. What is the present value of the principal part of each payment?

c. How much interest will be paid after two periods?

Reference no: EM132652134

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