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Suppose you take out a $ 2 4 6 , 5 0 0 mortgage for 1 5 years at 3 . 3 % interest. (

Suppose you take out a $246,500 mortgage for 15 years at 3.3% 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.
Payment Number Interest Payment Principal Payment Balance of Loan
1 $
$
$
2 $
$
$

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