Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual
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Question:
Make an amortization table to show the first two payments for the mortgage.
Amount of mortgage | Annual interest rate | Years in mortgage | Monthly payment |
---|---|---|---|
$408,623 | 5.25% | 35 | $2127.88 |
Part 1
Month | Monthly payment | Interest | Principal | End-of-month principal |
---|---|---|---|---|
1 | $2127.88 | $enter your response here | $enter your response here | $enter your response here |
2 | $2127.88 | $enter your response here | $enter your response here | $enter your response here |
(Round to the nearest cent as needed.)
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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