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You plan to purchase a $ 1 4 0 , 0 0 0 house using a 1 5 - year mortgage obtained from your local
You plan to purchase a $ house using a year mortgage obtained from your local credit union. The mortgage rate offered to you is percent. You will make a down payment of percent of the purchase price. a Calculate your monthly payments on this mortgage.b Construct the amortization schedule for the first six payments.
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