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Your friend decides to purchase a home and takes a 15-year, $100,000 mortgage with a mortgage rate of 4.8%. Her monthly mortgage payment would be

Your friend decides to purchase a home and takes a 15-year, $100,000 mortgage with a mortgage rate of 4.8%. Her monthly mortgage payment would be $780.4. Please fill in the blanks.

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Month12BeginningBalanceofLoan$100,000e.MonthlyPayment$780.40f.MonthlyInterestRatea.g.AmountAppliedtoInterestb.h.AmountAppliedtoPrincipalc.i.EndingBalanceofLoand.j.

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