You make monthly payments of $1,700 on a house mortgage loan. You have just made a...
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You make monthly payments of $1,700 on a house mortgage loan. You have just made a payment. The mortgage has 26 years remaining. Show the timeline of the loan from the bank's perspective. Month: Month: -----|-- Cash Flow: $1700 $1700 $1700 Month: Cash Flow: Month: 0 Cash Flow: 1 0 0 1 2 1 2 Cash Flow: $1700 $1700 $1700 $1700 $1700 1 2 $1700 $1700 3 2 ----|- $1700 3 3 $1700 4 3 $1700 4 4 $1700 4 -$1700 $1700 -$1700 -$1700 360 -$1700 360 312 $1700 $1700 41 312 -$1700 -4 You make monthly payments of $1,700 on a house mortgage loan. You have just made a payment. The mortgage has 26 years remaining. Show the timeline of the loan from the bank's perspective. Month: Month: -----|-- Cash Flow: $1700 $1700 $1700 Month: Cash Flow: Month: 0 Cash Flow: 1 0 0 1 2 1 2 Cash Flow: $1700 $1700 $1700 $1700 $1700 1 2 $1700 $1700 3 2 ----|- $1700 3 3 $1700 4 3 $1700 4 4 $1700 4 -$1700 $1700 -$1700 -$1700 360 -$1700 360 312 $1700 $1700 41 312 -$1700 -4
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