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A $38,000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest S10. The payments are due
A $38,000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest S10. The payments are due on the first day of each month starting July 1. The amortization period is 11 years and interest is 7.8% compounded semi-annually for a six-month term. Construct an amortization schedule for the six-month term. Interest Paid Principal Repaid Payment = $0 Complete the amorization schedule. (Round to the nearest cent as needed.) Payment Number Amount Paid June 1 July 1 $0 Aug 1 $0 Sept 1 0 $0 $0 $0 $0 $0 Outstanding Principal Balance $38,000 so $0 $0 $0 $0 Oct 1 0 SO Nov 1 0 $0 Dec 1 $0 Enter your answer in each of the answer boxes. A $38,000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest $10. The payments are due on the first day of each month starting July 1. The amortization period is 11 years and interest is 78% compounded semi-annually for a six-month term. Construct an amortization schedule for the six-month term. What is the monthly payment rounded up to the nearest $10? Payment=$ Interest Paid Principal Repaid $ 0 so Complete the amorization schedule. (Round to the nearest cent as needed.) Payment Number Amount Paid June 1 July 1 $0 Aug 1 so Sept 1 $0 Oct 1 SO Nov 1 SO $0 $0 $0 Outstanding Principal Balance $38,000 SO $0 SO $0 SO $0 so $0 $0 Enter your answer in each of the answer boxes
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