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Exercise #3: Fixed Rate Mortgage. You are buying a house for $250,000. You put down $50,000. You borrow $200,000 for 30 years at 6%. How

Exercise \#3: Fixed Rate Mortgage. You are buying a house for $250,000. You put down $50,000. You borrow $200,000 for 30 years at 6%. How much will your monthly payments be? What will be your outstanding principal after 2 months? Build an amortization table

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