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12. Using your steps from problem #11, above, calculate the interest, the reduction of principal, and new principal balance of monthly payment for a mortgage

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12. Using your steps from problem #11, above, calculate the interest, the reduction of principal, and new principal balance of monthly payment for a mortgage with a starting principal of $130,000, and interest rate of 3.5% and a monthly payment of $650.81 after 3 payments. Complete the amortization schedule below. Monthly Payment, $650.81 Interest Amount Principal Reductiorn Balance of Principal Payment Number Principal (current)

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