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13. Complete the amortization schedule below for a fixed rate, fully amortizing mortgage loan for $300,000 at 5% annual interest for 15 years. Loan Amount
13. Complete the amortization schedule below for a fixed rate, fully amortizing mortgage loan for $300,000 at 5% annual interest for 15 years. | |||||
Loan Amount | $300,000.00 | ||||
Annual Interest Rate | 5% | ||||
Periods Per Year | 12 | ||||
Number of Years | 15 | ||||
Monthly Payment | ans? | ||||
Amortization Schedule | |||||
Month | Payment | Interest | Principal | Loan Balance | |
0 | 0 | 0 | 0 | ||
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