Question: please include step by step instructions on how the final answer was calculated !(: i have included the question and previous attempts at the final

please include step by step instructions on how the final answer was calculated !(: i have included the question and previous attempts at the final answer ( none of the answers provided are correct unless they are highlighted in green ) the answers highlighted in red are what I need help with please !

Here is the question:

please include step by step instructions on how the final answer was

Here are previous attempts: calculated !(: i have included the question and previous attempts at the

final answer ( none of the answers provided are correct unless they

Required information [The following information applies to the questions displayed below.] On January 1, 2024, Howell Enterprises purchases a building for $217,000, paying $47,000 down and borrowing the remaining $170,000, signing a 7%,10-year mortgage. Installment payments of $1,973.84 are due at the end of each month, with the first payment due on January 31,2024. 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Have tried the standard method: (170,000.071/12) we have even attempted to take into account the number of days (so instead of 1/12, it should be 31/365, that makes the interest expense for 1/31 higher (1,010,68). Have tried 1/1 to 1/31 is 30 days, to use 0.07(30/366)2024 is a leap-year Answer- The Amortization Schedule for a Loan of $170,000 is as follows- Explanation: The Interest is calculated on the remaining balance and principal is calculated by subtracting interest expense from monthly installment payment of $1973.84

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