Question: Complete the amortization table to show the first 2 monthly payments for a mortgage of $100 000. The interest rate is 8%, compounded monthly, and

Complete the amortization table to show the first 2 monthly payments for a mortgage of $100 000. The interest rate is 8%, compounded monthly, and the mortgage payments are $750. Round all answers to whole numbers, i.e. 120.

Payment

Monthly Payment

Interest for 1 mo

Principal Paid

Outstanding Principal

100 000

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