Question: I need help with the question. I keep getting these wrong based off of rounding to the nearest cent. To help buy her new condominium,
I need help with the question. I keep getting these wrong based off of rounding to the nearest cent.
To help buy her new condominium, Susan is taking out a $154,000 mortgage loan for 30 years at 3.7% annual interest. Her monthly payment for this loan is $708.84. Fill in all the blanks in the amortization schedule for the loan. Assume that each month is 12 of a year. Round your answers to the nearest cent. Payment Interest Principal New loan number payment payment balance X 5 ? $ 1 $ 1 $ 1 2 $ 1 $ 1 $ 1 . .. . .. 140 $349.86 $358.98 $113,108.33 141 $ 1 $ 1 $ 1Step by Step Solution
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