Make an amortization table to show the first two payments for the mortgages in Exercises 1 6 See Example 1 Annual interest rate 5 75 Monthly payment $547 23 Amount of Years 25 mortgage 2 $100,400 Annual interest rate 4 25 Years 20 Monthlv payment $621 48 1 $87,000...

1 Month 1 interest 87000 00575 12 41688 Principal portion of 1st paym ...

Make an amortization table to show the first two payments for the mortgages in Exercises 1 -

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Make an amortization table to show the first two payments for the mortgages in Exercises 1 - 6. See Example 1.

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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 02:00 AM

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Make an amortization table to show the first two payments for the mortgages in Exercises 1 -

Question:

Annual interest rate 5.75% Monthly payment $547.23 Amount of Years 25 mortgage 2. $100,400 Annual interest rate 4.25% Years 20 Monthlv payment $621.48 1 $87,000

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Business Math

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