A grocery store sells for $544,500 and a 5% down payment is made. A 15 -year mortgage at 7% is obtained. Compute an amortization schedule for the first 3 months. Round your answers to two decimal places, if necessary. The value of the mortgage is $517,275 and the monthly payment is $4650.30 3 PARTS: Payments 1,2 & 3) tell me the interest, payment on principal & balance of loan for these next 3 payment schedule?
A grocery store sells for $544,500 and a 5% down payment is made. A 15 -year mortgage at 7% is obtained. Compute an amortization schedule for the first 3 months. Round your answers to two decimal places, if necessary. The value of the mortgage is $517,275 and the monthly payment is $4650.30 3 PARTS: Payments 1,2 & 3) tell me the interest, payment on principal & balance of loan for these next 3 payment schedule?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A grocery store sells for
$544,500
and a
5%
down payment is made. A
15
-year mortgage at
7%
is obtained. Compute an amortization schedule for the first
3
months. Round your answers to two decimal places, if necessary.
The value of the mortgage is
$517,275
and the monthly payment is
$4650.30
3 PARTS:
Payments 1,2 & 3) tell me the interest, payment on principal & balance of loan for these next 3 payment schedule?
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