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Blue Cays Marina has a 200,000 mortgage liability .this mortgage is payable in monthly installments of 2057, which include interest computed at the rate of

Blue Cays Marina has a 200,000 mortgage liability .this mortgage is payable in monthly installments of 2057, which include interest computed at the rate of 12% per year (1% per month)

Prepare a partial amortization table showing the original balance of this loan and the allocation of the first two monthly payments between interest expense and reduction in the unpaid balance

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