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You borrow $350,000 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 $350,000 to buy a house over a 15-year term. The loan is structured as an amortized loan with annual payments and an interest rate of 8%. Complete the cells in the amortization schedule, below. Year Payment ($) Interest in Payment ($) Principal Repaid ($) Principal Owing at End of Year ($) 2
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