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You have just taken out an amortized loan for $442,000. Assume that the loan will be paid in 36 equal monthly installments of $14,179.23 and
You have just taken out an amortized loan for $442,000. Assume that the loan will be paid in 36 equal monthly installments of $14,179.23 and that the first payment will be due 1 month from today. How much of your third monthly payment will go toward the repayment of principal? Fill in the worksheet below. Month Interest Owing at End of Month ($) Principal Principal Owing Repayment ($) at End of Month ($) WN Interest Owing at End of Month Principal Repayment Principal Owing at End of Month Month (Round to the nearest cent.)
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