Calculate the amortized fees and expenses of the mortgage

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Reference no: EM131894301

A bank is offering a 20 year mortgage of $100 000, APR on the mortgage is 8.12%, the nominal interest rate is 7.5%. 1) Calculate the monthly payments of the mortgage. 2) Calculate the total amount of fees and expenses of the mortgage. 3) Calculate the amortized fees and expenses of the mortgage. (Can you please list any equations you use and what you used them for).

Reference no: EM131894301

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