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A borrower has taken out a 10 -year mortgage for $108,000 at an annual rate of 12%. a. Use the table to find the monthly
A borrower has taken out a 10 -year mortgage for $108,000 at an annual rate of 12%. a. Use the table to find the monthly payment for this mortgage. b. Construct the first three lines of an amortization schedule for this mortgage. Click the icon to view a table of monthly payments on a $1,000 loan. a. The monthly payments for this mortgage are $ (Type an integer or a decimal.) b. Construct the first three lines of an amortization schedule for this mortgage. Monthly Payment on a $1,000 loan c. Assume that the borrower has decided to pay an extra $50 per month to pay off the mortgag
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