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A company takes out a seven-year, $1,094,600 mortgage on December 1 . The interest rate on the mortgage is 6.0% per year, and olended payments
A company takes out a seven-year, $1,094,600 mortgage on December 1 . The interest rate on the mortgage is 6.0% per year, and olended payments of $15,991 (including both interest and principal) are to be made at the end of each month. The following is an extract from the mortgage amortization table: a) Determine the missing amounts. (Round answers to 0 decimal places, e.g. 125.) \begin{tabular}{|c|c|c|c|c|} \hline Interest & Principal & & \begin{tabular}{c} Ending \\ Mortgage Balance \end{tabular} & \\ \hline$5,473 & $10,518 & $ & & (2) \\ \hline 5,420 & & (4) & 1,073,511 & \\ \hline (5) & 10,623 & & & (6) \\ \hline 5,314 & & (8) & 1,052,211 & \\ \hline \end{tabular}
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