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Consider a 30-year fixed home loan for $350,000 at a rate of 5.6%. We will create an amor- tization table as in lecture. Step 1:

Consider a 30-year fixed home loan for $350,000 at a rate of 5.6%. We will create an amor- tization table as in lecture. Step 1: Identify important information. Periodic Interest Rate (i): Number of Payments (n): Present Value (PV): Future Value (FV)

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