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A $44,000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest $10. The payments are due
A $44,000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest $10. The payments are due on the first day of each month starting July 1. The amortization period is 13 years and interest is 4.6% compounded semi-annually for a six-month term. Construct an amortization schedule for the six-month term. What is the monthly payment rounded up to the nearest $ 10? Payment = $ Interest Paid Principal Repaid Complete the amorization schedule. (Round to the nearest cent as needed.) Payment Number Amount Paid June 1 July 1 $ Outstanding Principal Balance $44,000 $ $ Aug 1 $ $ $ Sept 1 $ $ S $ Oct 1 $ $ Nov 1 $ Dec 1 $ $
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