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A fully amortizing mortgage loan is made for $100,000 at 6 percent interest for 30...

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Finance

A fully amortizing mortgage loan is made for $100,000 at 6 percent interest for 30 years.

a. How much total interest would be paid over the entire 30-year life of the mortgage, if interest is paid:

1. Monthly.

2. Quarterly

3. Annually

4. Weekly

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