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For questions 1 and 2, suppose you decide to purchase a $150,000 home. You take out a 30- year mortgage at 4.1% APR with a
For questions 1 and 2, suppose you decide to purchase a $150,000 home. You take out a 30- year mortgage at 4.1% APR with a 10% down payment. 1) Using the formula, determine the monthly payment. Show your work. (4 points) + A= new ant PMT - principle h r=rate n=number t= time or 1 point 2) Create an amortization table for this problem and attach the excel sheet with your submission. (4 points)
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