Given the following information on a 30-year fully-amortizing mortgage, use the amortization table function on your...
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Given the following information on a 30-year fully-amortizing mortgage, use the amortization table function on your financial calculator to determine the portion of the monthly payment that goes to principal in 84th payment. Loan amount: $250,000; Annual interest rate: 6%; Monthly payment: $1,498.88. Given the following information on a 30-year fully-amortizing mortgage, use the amortization table function on your financial calculator to determine the portion of the monthly payment that goes to principal in 84th payment. Loan amount: $250,000; Annual interest rate: 6%; Monthly payment: $1,498.88.
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