Question: You plan to purchase a $150.000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 5.25
You plan to purchase a $150.000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 5.25 percent. You will make a down payment of 20 percent of the purchase price. a. Calculate your monthly payments on this mortgage. b. Construct the amortization schedule for the first six payments. Complete this question by entering your answers in the tabs below. Required ARequired B Calculate your monthly payments on this mortgage. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16) Monthly payment ts 964.71] Required A Required B > You plan to purchase a $150,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 5.25 percent. You will make a down payment of 20 percent of the purchase price. a. Calculate your monthly payments on this mortgage. b. Construct the amortlzation schedule for the first six payments. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B nstruct the amortization schedule for the first six payments. (Do not round Intermediate calculations. Round your answers Amortization Schedule for first 6 payments (months) Ending Loan Beginning Loan Balance Payment Principal Month Interest
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