Create a partial amortization schedule for the first two payments on a mortgage of $152,300 at 6.25%

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Create a partial amortization schedule for the first two payments on a mortgage of $152,300 at 6.25% that has a monthly payment of $1,005.18 and is financed for 25 years?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:59 AM

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Create a partial amortization schedule for the first two payments on a mortgage of $152,300 at 6.25%

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Month 1 interest 487700 006 12 243850 Principal portion of 1st payment 292620 24385...View the full answer

Business Math

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