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The cost of a home is financed with a $290,000,30-year fixed-rate mortgage at 7%. The buyer will make 360 payments of $1928.50. Prepare a loan
The cost of a home is financed with a $290,000,30-year fixed-rate mortgage at 7%. The buyer will make 360 payments of $1928.50. Prepare a loan amortization schiedule for the first three months of the mortgage. Round to the nearest cent. Payment Number Interest Payment Prindpal Payment Balance of Loan 1 2 A) Payment Number Interest Payment Principal Payment Balance of Loan 1 $1691.67 $236.83 $289,763.17 2 $1690.29 $238.21 $289,524.96 3 $1809.53 $118.97 $289,405.99 B) Payment Number Interest Payment Prindpal Payment Balance of Lory 1 $1691.67 5236.83 $289.63.1 2 $1690.29 $238.21 5289,521,96 3 15168890 $239.6 5289,285,36 C)
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