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Mike Jones bought a new split-level home for $149,000 with 20% down. He decided to use Victory Bank for his mortgage. They were offering 13.75%

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Mike Jones bought a new split-level home for $149,000 with 20% down. He decided to use Victory Bank for his mortgage. They were offering 13.75% for 25-year mortgages. Provide Mike with an amortization schedule for the first three periods. (Do not round intermediate calculations. Round your answers to the nearest cent.) Portion to- Payment number Balance of loan outstanding Interest Principa 2

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