Chandra is considering borrowing $150,000 to buy a house, using a 15-year fixed-rate mortgage. Assuming quoted annual interest rate (APR) of 3.9%, put together an amortization table showing all of the monthly payments broken down into the amount going toward paying interest and the amount going toward paying down the mortgage loan balance. You should also have the beginning and ending balance for each month in your table. 

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To create an amortization table for Chandras mortgage we first need to calculate the monthly payment ... View the full answer