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Home $200,000 with $50,000 down payment. Financed for 30 years at 4.4% APR. What is the beginning balance, PMT, INT, Prn, and ending balance for
Home $200,000 with $50,000 down payment. Financed for 30 years at 4.4% APR. What is the beginning balance, PMT, INT, Prn, and ending balance for the constant payment method for a loan amortization schedule?
We were given these answers to use but how were they calculated? What formulas would you use? Please show your work!
N = 360
I = 3.6666
PV = $150,000
PMT = $-751.1514
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