Question: [3] Use PMT = to determine the regular payment amount, rounded to the nearest cent. The cost of a home is financed with a $180,000
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[3] Use PMT = to determine the regular payment amount, rounded to the nearest cent. The cost of a home is financed with a $180,000 20-year fixed-rate r nt 1- mortgage at 4.5% a. Find the monthly payments and the total interest for the loan. b. Prepare a loan amortization schedule for the first three months of the mortgage. a. The monthly payment is $0. (Do not round until the final answer. Then round to the nearest cent as needed.)
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