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Refer to Narrative 14-1. Prepare an amortization schedule for the first 3 payments of an $87,000 mortgage at 5.75% for 30 years. Find the loan
Refer to Narrative 14-1. Prepare an amortization schedule for the first 3 payments of an $87,000 mortgage at 5.75% for 30 years. Find the loan balance after 3 payments.
a. $86,274.99 b. $85,345.15 c. $86,725.08 d. $83,855.24
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