Made a $50,000 down payment and signed a $600,000 mortgage to purchase land and building, which will be used as the distribution center. The land comprised of three (3) lots which appraised at $132,000 each ($396,000 total) and the building appraised for $264,000. The building occupies one (1) lot, one (1) lot will serve as parking and WCD intends to sell the third lot. The loan is a ten (10) year, 8.0% mortgage requiring monthly payments consisting of principle and interest. The first payment is due Feb. 1st. Please attach a loan amortization schedule

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Certainly Below is a loan amortization schedule for the 600000 mortgage with ... View the full answer