Make an amortization table to show the first two payments for the mortgage.   Amount of mortgage Annual interest rate Years in mortgage Monthly payment ​$407,181 5.50​% 35 ​$2186.63       Question content area bottom Part 1 Month Monthly payment Interest Principal ​End-of-month principal 1 ​$2186.63 ​$enter your response here ​$enter your response here ​$enter your response here 2 ​$2186.63 ​$enter your response here ​$enter your response here

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Make an amortization table to show the first two payments for the mortgage.
 
Amount of mortgage
Annual interest rate
Years in mortgage
Monthly payment
​$407,181
5.50​%
35
​$2186.63
 
 
 

Question content area bottom

Part 1
Month
Monthly payment
Interest
Principal
​End-of-month principal
1
​$2186.63
​$enter your response here
​$enter your response here
​$enter your response here
2
​$2186.63
​$enter your response here
​$enter your response here
 
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