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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?

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?

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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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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