Prepare an amortization schedule for the first 3 payments (in $) of a $68,000 mortgage at 5% for 20 years. Use this table. (Round your answers to the nearest cent.) Payment Number Monthly Payment Monthly Interest Portion Used to Reduce Principal Loan Balance 0 $ 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $

Prepare an amortization schedule for the first 3 payments (in $) of a $68,000 mortgage at 5% for 20 years. Use this table. (Round your answers to the nearest cent.) Payment Number Monthly Payment Monthly Interest Portion Used to Reduce Principal Loan Balance 0 $ 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 8CE

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Payment Number	Monthly Payment	Monthly Interest	Portion Used to Reduce Principal	Loan Balance
0				$
1	$	$	$	$
2	$	$	$	$
3	$	$	$	$

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