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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 $168,000 with a fixed APR of 6% for 30 years.
End of... | Interest | Payment Toward Principal | New Principal |
---|---|---|---|
Month 1 | $enter your response here | $enter your response here | $enter your response here |
(Round the final answers to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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