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A house sells for $227,500 and a 7% down payment is made. A mortgage is secured at 7% for 40 years. Compute an amortization schedule

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A house sells for $227,500 and a 7% down payment is made. A mortgage is secured at 7% for 40 years. Compute an amortization schedule for the first 3 months. Round youn answers to two decimal places, if necessary. The value of the mortgage is $211,575 and the monthly payment is $1313.88

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