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A loan is made with three months remaining in the calendar year. For tax purposes, the borrower needs to find the information below by filling
A loan is made with three months remaining in the calendar year. For tax purposes, the borrower needs to find the information below by filling out the amortization table. If the monthly payment for a $100,000 mortgage at 5.4% for 20 years is $682.25, find the information needed by completing the table below.
Month Payment Interest Paid Principal Paid Balance
XXXX XXXXX XXXXX $100,000
1
2
3
Totals XXXX
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