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66 Annuity Problem: Plug in Amounts for each given variable to receive partial credit, in case your answer is incorrect. What are the monthly mortgage
66 Annuity Problem: Plug in Amounts for each given variable to receive partial credit, in case your answer is incorrect. What are the monthly mortgage payments on a 20-year loan for $138,545 at 12% annual interest rate? Construct an amortization schedule for the first two months of the loan. PVA= FVA= PMT= r = n = Period 1 Beginning Balance $138,545 Payment Interest @1% Principle Reduction Ending Balance 2 3 P
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