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

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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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A house sells for $317,000 and a 5% down payment is made. A mortgage is secured at 4% for 40 years. Compute an amortization schedule for the first 3 months. Round your answers to two decimal places, if necessary. The value of the mortgage is $301,150 and the monthly payment is $1258.81.

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A house sells for  $309,500  and a  4%  down payment is made. A mortgage is secured at  4%  for  20  years. Compute an amortization schedule for the first  3  months. Round your answers to two decimal places, if necessary. The value of the mortgage is  $297,120  and the monthly payment is  $1800.55 . Part: 0 / 3 0 of 3 Parts Complete   Part 1 of 3            Payment number       Interest       Payment on Principal       Balance of Loan    1 $ $ $   Procedure for Computing an Amortization Schedule Step  1    Find the interest for the first month. Use  =IPrt , where  =t112 . Enter this value in a column labeled Interest. Step  2    Subtract the interest from the monthly payment to get the amount paid on the principal. Enter this amount in a column labeled Payment on Principal. Step  3    Subtract the amount of the payment on principal found in step  2  from the principal to…

Prepare an amortization schedule for a five-year loan of $47,000. The interest rate is 7% per year, and the loan calls for equal annual payments. (Do not round intermediate calculations. Enter all amount as positive value. Round the final answers to 2 decimal places. Leave no cells blank - be certain to enter "O" wherever required.) Year 1 Beginning Balance $ 2 2 3 4 5 Total Payment $ Interest Payment Principal Payment Ending Balance $ How much interest is paid in the third year? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Interest paid $ How much total interest is paid over the life of the loan? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Total interest $

Saved Prepare an amortization schedule for a five-year loan of $70,000. The interest rate is 9 percent per year, and the loan calls for equal annual payments. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Leave no cells blank - be certain to enter "O" wherever required.) Year Beginning Balance Total Payment Interest Payment Principal Payment Ending Balance 1 3 4. How much interest is paid in the third year? (Do not round intermediate-calculations 2. 5