What are your monthly payment and your current loan balance

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Reference no: EM131020512

You bought a house 8 years ago with a $250,000 mortgage. It was a 15 year loan with monthly payments which will pay off the loan when you make the last payment. The interest rate was 6%. What are your monthly payment and your current loan balance? How much interest will you pay in the upcoming year?

Please answer the question in excel and attach the excel document with answering.

Reference no: EM131020512

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