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You borrow $250,000 to purchase a house. The loan will be repaid over the next 25 years with equal monthly payments. Your mortgage broker quotes

You borrow $250,000 to purchase a house. The loan will be repaid over the next 25 years with equal monthly payments. Your mortgage broker quotes you an APR of 4.25 percent. Construct a loan amortization table for the first 12 months of the loan.

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