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Save & Exit Check You plan to purchase a $320,000 house using a 15-year mortgage obtained from your bank. The mortgage rate offered to you

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Save & Exit Check You plan to purchase a $320,000 house using a 15-year mortgage obtained from your bank. The mortgage rate offered to you is 5.20 percent. You will make a down payment of 15 percent of the purchase price. a. Calculate your monthly payments on this mortgage b. Construct the amortization schedule for the mortgage. How much total interest is paid on this mortgage? Complete this question by entering your answers in the tabs below. ReqB Reg A Amortization Req B Total Schedule Interest Construct the amortization schedule for the mortgage? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g. 32.16)) Month Amortization Schedule for the 15-Year Mortgage Principal Interest Cumulative Cumulative Principal Interest 272,000.00 Ending Balance 1 2 3 179 180

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