Submit to your instructor your answers to the questions in Part One and Part Two. Since this assignment is based on calculations, you are required to show all your work in detail for each answer by listing the components for each calculation and explaining the calculation taking place to reach the answer submitted. This may be done on a Word document or an Excel spreadsheet. Make sure that all work is shown in your submission for full credit.
Part One. Please answer the following questions for a fixed-rate mortgage as a fully amortizing mortgage loan made for $175,000 at 4.5% interest for 30 years.
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