Question: Complete the amortization schedule for the next two payments of a loan for 30 years at 7.5%, compounded monthly, with monthly payments of $699.22. Payment

Complete the amortization schedule for the next two payments of a loan for 30 years at 7.5%, compounded monthly, with monthly payments of $699.22.
Payment Number...........56
Payment Amount ..........$699.22
Interest.......................$594.67
Balance Reduction.........$104.55
Unpaid Balance............$95,042.20

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