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You want to buy a $ 1 7 8 , 0 0 0 home. You plan to take out a 3 0 year loan at

You want to buy a $178,000 home. You plan to take out a 30 year loan at 6% interest for the rest. You will also need to put $2,225.00 a year in taxes and $535 a year in insurance into the escrow account.
a) What will your monthly payments be?
$
b) Amortize the first month's payment by filling in the first row of the amortization schedule table.
\table[[Month,Interest Payment,Principal Payment,Loan Balance],[1,,,]]
c) How much total interest will you pay?
$
d) How much will be pay in taxes and insurance to the escrow account each month?
$
e) How much is your total monthly payment (PITI)?
$
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