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The Washington family just purchased a home and is taking out a loan for $350,000. The interest rate on the loan is 3.75% and payments

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The Washington family just purchased a home and is taking out a loan for $350,000. The interest rate on the loan is 3.75% and payments will be made monthly over a 15 year period, with the first payment to be made one month from now (ordinary annuity). Calculate the monthly payment on the loan and then prepare an amortization schedule using Excel

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