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Create a basic 30 month mortgage amortization schedule based on this information Loan Amount= $223,000 (Ignore a down payment as I have already removed that)
Create a basic 30 month mortgage amortization schedule based on this information
Loan Amount= $223,000 (Ignore a down payment as I have already removed that)
Annual interest rate= 6.5% (Calculate for monthly payments)
N= 360
- PMT is the monthly payment. - P is the loan amount. - i is the monthly interest rate. PMTi(1+i)N1=P(1+i)N - Nis the total number of monthsStep by Step Solution
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