Question: Construct an amortization schedule for the first three months and the final three months of payments for a thirty year, 7% mortgage in the amount

Construct an amortization schedule for the first three months and the final three months of payments for a thirty year, 7% mortgage in the amount of $90,000. What percentage of the 3rd payment is principle? What percentage of the final payment is principle? What do these differences imply? (Hint: The balance after the 357th payment is $1,775.56)

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