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For the following loan, make a table showing the amount of each monthly payment that goes toward principal and interest for the first three months
For the following loan, make a table showing the amount of each monthly payment that goes toward principal and interest for the first three months of the loan. A home mortgage of $159,000 with a fixed APR of 3% for 30 years. Fill out the table. New Principal End of... Interest Payment Toward Principal Month 1 $ (Round the final answers to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Fill out the table. New Principal Payment Toward End of... Interest Principal Month 2 (Round the final answers to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Fill out the table. New Principal Payment Toward End of... Interest Principal Month 3 $ (Round the final answers to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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