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10. (10 points) Suppose that a 15-year mortgage loan for $200,000 is obtained. The mortgage is a fixed-rate, fully amortized mortgage. The mortgage rate is

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10. (10 points) Suppose that a 15-year mortgage loan for $200,000 is obtained. The mortgage is a fixed-rate, fully amortized mortgage. The mortgage rate is 7.0% and the monthly mortgage ayment is $1,797.66. The following is an amortization schedule for the first three months. omplete the amortization schedule and show your calculations. Beginning of month Scheduled principal End of month mortgage balance Mortgage onth / mortgage balance | payment | lnterest repayment 200,000.00 1,797.66 198,734.34 198,095.97 2 1,797.66 638.37 198,734.34 1,797.66 1,159.28

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