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A $45,000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest $10. The payments are due
A $45,000 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 11 years and interest is 5.1% 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 = $ Complete the amorization schedule. (Round to the nearest cent as needed.) Amount Paid Interest Paid Payment Number June 1 Principal Repaid Outstanding Principal Balance $45,000 July 1 $ $ $ Aug 1 $ $ $ $ Sept 1 $ $ $ $ Oct 1 $ $ $ $ Nov 1 $ $ $ $ $ Dec 1 $ $ $ $
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