Question: = = = 360 months, amount 7% (APR). Assuming there is no prepayment, Consider the following fixed-rate, level-payment mortgage: maturity borrowed $10,000,000, annual mortgage

= = = 360 months, amount 7% (APR). Assuming there is no

= = = 360 months, amount 7% (APR). Assuming there is no prepayment, Consider the following fixed-rate, level-payment mortgage: maturity borrowed $10,000,000, annual mortgage rate construct the following amortization table for months 36 to 40. Month Balance at beginning of month Balance at end of Mortgage Interest Principal Payment Payment Payment month 36 33337 38 39 40

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