Carson took out a 30-year loan for $145,000 at 3.6% interest, compounded monthly, and his monthly payment for the life of the loan will be $659.24. An amortization table for his first four payments is shown below. Fill in the missing information in the table. Use the information for the first payment as a guide. Help,please?
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Carson took out a 30-year loan for $145,000 at 3.6% interest, compounded monthly, and his
monthly payment for the life of the loan will be $659.24. An amortization table for his first four
payments is shown below. Fill in the missing information in the table. Use the information for the first
payment as a guide.
Help,please?
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