You want to buy a home for $210000. The bank will give you a loan with...
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You want to buy a home for $210000. The bank will give you a loan with a 4.2% interest rate for 21 years compounded monthly. Fill in the following chart for the amortization schedule of the first two and the last payments. Payment # Amt. Paid Interest Principal Balance $1255.53 2 $1255.53 251 $1255.53 $8.75 $1246.78 $1253.14 252 You want to buy a home for $210000. The bank will give you a loan with a 4.2% interest rate for 21 years compounded monthly. Fill in the following chart for the amortization schedule of the first two and the last payments. Payment # Amt. Paid Interest Principal Balance $1255.53 2 $1255.53 251 $1255.53 $8.75 $1246.78 $1253.14 252
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