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A borrower has taken out a 30-year mortgage for $93,000 at an annual rate of 10%. Part A is already figured out. For part B:

A borrower has taken out a 30-year mortgage for $93,000 at an annual rate of 10%. Part A is already figured out. For part B: What would be the first three lines of an amortization schedule for this mortgage? For part C: If the borrower decided to pay an extra $150 per month to pay off the mortgage quicker, what would the new first three lines be for their payment schedule?

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.

c. Assume that the borrower has decided to pay an extra $150 per month to pay off the mortgage more quickly. Find the first three lines of your payment schedule under this assumption.

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a. The monthly payments for this mortgage are $ 816.54. (Type an integer or a decimal.) b. Construct the first three lines of an amortization schedule for this mortgage. (Round to the nearest cent as needed.) Payment Monthly Paid on number Payment Interest paid Principal Balance $93,000 Month 1 1 $ $ $ $ c. Assume that the borrower has decided to pay an extra $150 per month to pay off the mortgage more quickly. Find the first three lines of your payment schedule under this assumption. (Round to the nearest cent as needed.) Payment Monthly Paid on number Payment Interest paid Principal Balance $93,000 Month 1 1 $ $ $ a. The monthly payments for this mortgage are $ 816.54. (Type an integer or a decimal.) b. Construct the first three lines of an amortization schedule for this mortgage. (Round to the nearest cent as needed.) Payment Monthly Paid on number Payment Interest paid Principal Balance $93,000 Month 1 1 $ $ $ $ c. Assume that the borrower has decided to pay an extra $150 per month to pay off the mortgage more quickly. Find the first three lines of your payment schedule under this assumption. (Round to the nearest cent as needed.) Payment Monthly Paid on number Payment Interest paid Principal Balance $93,000 Month 1 1 $ $ $

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