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Rob and Laura wish to buy a new home. The price is $187,500 and they plan to put 20% down. New Rochelle Savings and Loan
Rob and Laura wish to buy a new home. The price is $187,500 and they plan to put 20% down. New Rochelle Savings and Loan will lend them the remainder at a 10% fixed rate compounded semi-annually for 30 years, with monthly payments to begin in one month. 1. Calculate their MONTHLY payment. 2. Fill in amortization schedule Month Balance Payment Interest Principle Ending Balance 1 2 3 3.How much will you still owe on your house after 2 years
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