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Complete the first month of the amortization schedule for a fixed-rate mortgage. Mortgage: $91,000 Interest rate: 5.5% Term of loan: 15 years Click the icon
Complete the first month of the amortization schedule for a fixed-rate mortgage. Mortgage: $91,000 Interest rate: 5.5% Term of loan: 15 years Click the icon to view the Real Estate Amortization Table. Amortization Schedule Total Payment Interest Payment Principal Payment Balance of Principal Payment Number 1 (a) $ (b) $ (b) $ (d) $ Term of Mortgage (years) (1) Annual rate (r) 5 10 15 20 25 30 40 2.0% $17.52776 $9.20135 $6.43509 $5.05883 $4.23854 $3.69619 $3.02826 2.5% 17.74736 9.42699 6.66789 5.29903 4.48617 3.95121 3.29778 3.0% 17.96869 9.65607 6.90582 5.54598 4.74211 4.21604 3.57984 3.570 9.000DY 1.14083 2.00024 4.49042 4.0% 18.41652 7.39688 6.05980 5.27837 4.77415 4.17 4.5% 10.12451 10.36384 10.60655 7.64993 5.06685 18.64302 18.87123 4.49 6.32649 6.59956 5.55832 5.84590 5.0% 7.90794 5.36822 4.82 5.5% 19.10116 10.85263 8.17083 6.87887 6.14087 5.67789 5.15 6.0% 19.33280 11.10205 8.43857 7.16431 6.44301 5.99551 5.50
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