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You plan to purchase a $ 2 6 0 , 0 0 0 house using a 1 5 - year mortgage obtained from your bank.

You plan to purchase a $260,000 house using a 15-year mortgage obtained from your bank. The mortgage rate offered to you is 4.70 percent. You will make a down payment of 30 percent of the purchase price.
a. Calculate your monthly payments on this mortgage.
b.(1) Construct the amortization schedule for the mortgage.
b.(2) How much total interest is paid on this mortgage?
Please finish the cells that are still empty as well as do b.(2) to find the Req B2 Total Interest.
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