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Please complete the table below. Find the monthly payments, amounts of intrest, amounts for principal and the new principals 7. You purchase a home for
Please complete the table below. Find the monthly payments, amounts of intrest, amounts for principal and the new principals
7. You purchase a home for $87,500. After a 20 percent down payment, you finance the remaining amount for 25 years at 5.00 percent. Your monthly payment is $409.50. Complete the repayment schedule below for the first 6 months of your loan. Amount for Interest Amount for Principal New Principal 54.9.50 109,5 Monthly Payment Step by Step Solution
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