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Create a loan amortization chart on excel and answer the following question A couple bought a $ 1 0 0 , 0 0 0 house
Create a loan amortization chart on excel and answer the following question
A couple bought a $ house six years ago using down and a year mortgage with
an annual interest rate of What are their monthly payments? What percentage of their total
payments over the last six years went to paying off the principal? Starting today the couple
decides to pay $ extra on their monthly payment, how long will it take to pay off the house?
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