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A $ 2 5 0 , 0 0 0 property is purchased for $ 5 0 , 0 0 0 down with the remainder mortgaged
A $ property is purchased for $ down with the remainder mortgaged at compounded monthly. This mortgage will require endofmonth payments of $Full solutions are required for parts a and ca How long, in years and months, will it take to fully pay for this property? years and monthsRound to nearest monthb. Create a partial amortization schedule, showing details of the last three payments. No calculations need to be shown for this part.Payment #Amount PaidInterest PortionPrincipal PortionPrincipal Balance$$$$$$$$$$$$$c Calculate the total amount of interest paid over the entire mortgage.$Round to nearest cent
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