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A) Helena purchases a condo and obtains a $250000 fully amortizing level payment 15 year mortgage bearing an (annual) interest rate of 6.75%. How much

A) Helena purchases a condo and obtains a $250000 fully amortizing level payment 15 year mortgage bearing an (annual) interest rate of 6.75%. How much will her monthly blended principal and interest payment be?

N interest PV PMT FV

7 b) for months 1,2 and 3 of the mortgage, determine how much of the total payment is principal and how much is interest and construct an amortization table

Month Begining principal payment interest amortization of principal ending principal

1

2
3

Please explain how do you get the numbers. I'm looking for how to do it. I already have the correct answers but not clear how to get there.

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