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A company takes out a seven'year, 5893,600 mortgage on December 1. The interest rate on the mortgage is 6.0% per year, and blended payments of
A company takes out a seven'year, 5893,600 mortgage on December 1. The interest rate on the mortgage is 6.0% per year, and blended payments of $13.054 (including both interest and principan) are to be made at the end of each month. The following is an extract from the mortgage amortization table: (3) Determine the missing amounts. (Round answers to 0 decimal places, e.s. 125.)
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