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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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