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please show work 15 and 16) This is just to let you know that the mortgage problem counts as two questions. You may do your
please show work
15 and 16) This is just to let you know that the mortgage problem counts as two questions. You may do your work on the sheet and write your final results on the exam. Just write out "Prin at Beg=" and fill in the answer and so on, or fill in below: 15) and 16) You just purchased a house for $200,000. The bank requires a down payment of 10%, and they will lend you the remainder as a 20-year monthly payment mortgage with a fixed rate of 6%. The mortgage will be paid monthly and your tax rate is 30%. Please fill in the following chart for month 1: (counts as 2 problems) Month Month 1 Prin. at Beginning Monthly Payment Interest Paid Prin. Repaid Tax Benefit Prin. at End Step by Step Solution
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