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You borrow $300,000 to buy a house over a 30-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 30-year term. The loan is structured as an amortized loan with annual payments and an interest rate of 10%. Complete the cells in the amortization schedule, below.

Year

Payment ($)

Interest in Payment ($)

Principal

Repaid ($)

Principal Owing at End of Year ($)

1

2

Year

Payment ($)

Interest in Payment ($)

Principal

Repaid ($)

Principal Owing at End of Year ($)

1

2

3 4 5

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