Question: Prepare an amortization schedule showing the first four payment for the loan. John finances $ 2 0 0 , 0 0 0 towards the purchase

Prepare an amortization schedule showing the first four payment for the loan.

John finances $

200, 000

towards the purchase of a new home through a

30

year mortgage the interest rate applied to the monthly unpaid balance is

4.75 .

Please make a chart for the first four payments including: payment number, amount of payment, interset for period, poition of principal, and principal at the end of period

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