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A $ 3 9 , 0 0 0 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the
A $ mortgage taken out on June is to be repaid by monthly payments rounded up to the nearest $ The payments are due on the first day of each month starting July The amortization period is years and interest is compounded semiannually for a sixmonth term. Construct an amortization schedule for the sixmonth term. What is the monthly payment rounded up to the nearest $ Payment $ Complete the amorization schedule. Round to the nearest cent as needed. Payment Number June July Amount Paid $ Interest Paid Principal Repaid Principal Repaid Outstanding Principal Balance $ $
A $ mortgage taken out on June is to be repaid by monthly payments rounded up to the nearest $ The payments are due on the first day of each month starting July The amortization period is years and interest is compounded semiannually for a sixmonth term. Construct an amortization schedule for the sixmonth term.
What is the monthly payment rounded up to the nearest $
Payment $
Complete the amorization schedule. Round to the nearest cent as needed.
Payment Number
June
July
Amount Paid
$
Interest Paid
Principal Repaid
Principal Repaid
Outstanding Principal Balance
$
$
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