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Current Attempt in Progress A company takes out an eight-year, $790,000 mortgage on September 1. The interest rate on the mortgage is 9% per
Current Attempt in Progress A company takes out an eight-year, $790,000 mortgage on September 1. The interest rate on the mortgage is 9% per year, and blended payments of $11,574 including both interest and principal) are to be made at the end of each month. The following is an extract from the mortgage amortization table: Determine the missing amounts. (Round answers to O decimal places, eg. 125) Beginning Mortgage Balance Payment Interest Pri Payment 1 $790,000 $ (1) $5.925 Payment 2 784.351 11.574 (C) Payment 3 (5) 11.574 5.840 Payment 4 772.926 11.574 5.797 eTextbook and Media List of Accounts
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