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5 9 . Mortgage payments. you are about to purchase a new home for 1 5 0 , 0 0 0 . you plan on

59. Mortgage payments. you are about to purchase a new home for 150,000. you plan on making a down payment of 10 percent of the value of the house and taking out a mortgage for the remaining balance. a bank offered you a traditional 25 year mortgage at 6.95 percent APR.
a. how much is your monthly payment
b. prepare an amortization schedule for the first 4 months?
c. how much will you still owe on your mortgage for the first 4 months?

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