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Complete the first two months of an amortization schedule for the fixed-rate mortgage. Mortgage: $111,850 Interest rate: 3.75% Term of loan: 12 years Complete

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Complete the first two months of an amortization schedule for the fixed-rate mortgage. Mortgage: $111,850 Interest rate: 3.75% Term of loan: 12 years Complete the first two payments of the amortization schedule below. (Do not round until the final answer. Then round to the nearest cent as needed.) Payment Number Total Payment $ Interest Payment Principal Payment $ Balance of Principal

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