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Jack plans to purchase a condo for $280,000. He will pay a 20% down payment on the home, with the remaining payments being made monthly

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Jack plans to purchase a condo for $280,000. He will pay a 20% down payment on the home, with the remaining payments being made monthly over a 20- year term. Interest on the mortgage is 4.50% compounded quarterly. Construct a partial amortization schedule, showing the first three payments and the last three payments. PMT # PMT ($) Interest Portion ($) 0 1 2 3 -- 237 238 239 240 Do not include dollar signs or commas in your values

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