Question: Problem 7 - 1 3 ( LG 7 - 4 ) You plan to purchase a ( $ 4 0 0 , 0
Problem LG You plan to purchase a $ house using a year mortgage obtained from your bank. The mortgage rate offered to you is percent. You will make a down payment of percent of the purchase price. a Calculate your monthly payments on this mortgage. b Construct the amortization schedule for the mortgage. b How much total interest is paid on this mortgage? Complete this question by entering your answers in the tabs below. Req B Req A Interest Construct the amortization schedule for the mortgage? Do not round intermediate calculations. Round your answers to decimal places. eg
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