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You decide to buy your first home several years after college. You put down $ 2 0 , 0 0 0 on a $ 2

You decide to buy your first home several years after college. You put down $20,000 on a $270,000 home. You get a 30-yr fixed rate loan at 7.5% annually. Create a loan amortization NumLock able to answer the following questions. (Round all answers to the nearest dollar)
a)(6pts) Find your monthly mortgage payment (i.e. just the loan, because actual monthly payments typically include mortgage insurance, homeowners insurance, property taxes, HOA fees, and other costs held in escrow).
b)(6pts) In month 300, how much of your payment is being used for interest?
c)(6pts) In month 300, how much of your payment is being used principal?

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