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You plan to purchase a $230,000 house using a 30 -year mortgage obtained from your local credit union. The mortgage rate offered to you is

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You plan to purchase a $230,000 house using a 30 -year mortgage obtained from your local credit union. The mortgage rate offered to you is 775 percent. You will make a down payment of 20 percent of the purchase price. a. Calculate your monthly payments on this mortgage. b. Construct the amortization schedule for the first six payments Complete this questton by entering your answers in the tabs below. Construct the amortization schedule for the first six payments. (Do not round intermedlate calculations. Round your answers to 2 decimal places. (0.9,32,16))

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