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Suppose you take out a $ 2 0 7 , 5 0 0 mortgage for 3 0 years at 4 . 8 5 % interest.
Suppose you take out a $ mortgage for years at interest.
a Find the monthly payment on this mortgage.
b Fill out the first two rows of the amortization schedule below. Round your answers to the nearest dollar.
tablePayment Number,Interest Payment,Principal Payment,Balance of Loan$$$
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