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A grocery store sells for $543,000 and a 5% down payment is made. A 20 -year mortgage at 6% is obtained. Compute an amortization schedule
A grocery store sells for
$543,000
and a
5%
down payment is made. A
20
-year mortgage at
6%
is obtained. Compute an amortization schedule for the first
3
months. Round your answers to two decimal places, if necessary.
The value of the mortgage is
$515,850
and the monthly payment is
$3693.49
.
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