Question
Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $403,442
Make an amortization table to show the first two payments for the mortgage.
| Amount of mortgage | Annual interest rate | Years in mortgage | Monthly payment |
|---|---|---|---|
| $403,442 | 5.50% | 35 | $2166.55 |
| Month | Monthly payment | Interest | Principal | End-of-month principal |
|---|---|---|---|---|
| 1 | $2166.55 | $enter your response here | $enter your response here | $enter your response here |
| 2 | $2166.55 | $enter your response here | $enter your response here | $enter your response here |
(Round to the nearest cent as needed.)
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Finance And Strategy
Authors: Belen Villalonga
1st Edition
1783504935, 978-1783504930
