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Construct the entire first line of the amortization schedule for a 30 year mortgage with a fixed interest rate of 5%p. a. and an initial

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Construct the entire first line of the amortization schedule for a 30 year mortgage with a fixed interest rate of 5%p. a. and an initial loan balance of $300,000. The outstanding balance on the mortgage at the start of the second month is which of the following? Select one: O a $ 298,500.08 ob. $296,701.32 Oc$ 298,389.54 Od $299,639.54 O e$ 299,701.22

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