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4. Complete the first five rows of the amortization schedule for a $450,000 30-year mortgage at 5% annual interest compounded monthly. Payment Payment number Amount

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4. Complete the first five rows of the amortization schedule for a $450,000 30-year mortgage at 5% annual interest compounded monthly. Payment Payment number Amount Amount paid in interest Amount paid towards Balance the principal 1 2 3 4 5

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