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Create an amortization table for the following mortgage. a. Mortgage amount is $300,000. b. The mortgage is a 30 year fixed at 4% (paid monthly).
Create an amortization table for the following mortgage.
a. Mortgage amount is $300,000.
b. The mortgage is a 30 year fixed at 4% (paid monthly).
c. You pay an additional $100 per month until the mortgage is paid.
When will the mortgage be paid off?
Please show in Excel along with formulas.
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