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