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You borrow $300,000 to buy a house over a 15-year term. The loan is structured as an amortized loan with annual payments and an interest

You borrow $300,000 to buy a house over a 15-year term. The loan is structured as an amortized loan with annual payments and an interest rate of 10%. Find the information for the amortization schedule for years 1 and 2. Payment ($) Interest in Payment ($) Principal Repaid ($) Principal Owing at End of Year ($)

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