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To buy your first home, you take out a 1 5 year ( fully amortizing ) mortgage for $ 4 0 0 , 0 0

To buy your first home, you take out a 15 year (fully amortizing) mortgage for $400,000 which
requires equal yearly payments. The effective annual interest rate is 3.6%. Build a spreadsheet on excel with the formulas that describes how much interest and principal you pay each year

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