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You plan to purchase a $300,000 house using a 15-year mortgage obtained from your bank. The mortgage rate offered to you is 4.70 percent. You

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You plan to purchase a $300,000 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 25 percent of the purchase price. a. Calculate your monthly payments on this mortgage. b. Construct the amortization schedule for the mortgage. How much total interest is paid on this mortgage? X Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A Req B Amortization Schedule Req B Total Interest Construct the amortization schedule for the mortgage? (Do not round intermediate calculations. decimal places. (e.g., 32.16)) Month Amortization Schedule for the 15-Year Mortgage Cumulative Cumulative Principal Interest Principal Interest 225,018.00 X 881.00 225,881.00 x 225,881.00 X 224,137.00 881.00 Ending Balance 224,137.00 223,270.00 1 2 3 223,270.00 X 881.00 222,401.00 1,738.00 179 3,468.00 X 881.00 X 180 1,738.00 881.00 x 0.00

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