Make an amortization table to show the first two payments for the mortgages in Exercise 1 -
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Monthly interest rate Years payment $1,022.40 Monthly Amount of mortgage 1. $100,000 Annual Amount of mortgage 2. $180,000 Annual interest rate Years payment 5.75% 30 $584 5.5% 30
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1 Month 1 interest 100000 00575 12 47917 Principal portion of 1st p...View the full answer
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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