Question: please anwer it completely with all work 7. (4 points) You are buying your first home: a condo in the Central West End. You have
7. (4 points) You are buying your first home: a condo in the Central West End. You have found a 5 bedroom, 4 bathroom condo and have just signed the paperwork purchasing the home for $689,900. You made a down payment of $80,000 and are financing the remaining $609,900 with a 30-year mortgage loan. You will owe interest of 4.75% per year, monthly compounded. You will make equal monthly payments. Fill in the boxes of the following amortization schedule for your first payment period. Round your final answers to the nearest cent, but maintain at least 4 decimal places in your intermediate calculations. Show ALL your work. Beginnin Period Monthly Payment Interest Balance Repayment of Principal Ending Balance Points Possible: 1 1 Month 1 $609,900
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