To help buy her new house, Donna is taking out a $271,000 mortgage loan for 30 years at 4.1% annual interest. Her monthly payment for this loan is $1309.47. of a year. Round your answers to the nearest cent. 12 Fill in all the blanks in the amortization schedule for the loan. Assume that each month is New loan Payment number Principal payment Interest payment balance 1 2$ 175 $615.13 $694.34 $179,342.96 176
To help buy her new house, Donna is taking out a $271,000 mortgage loan for 30 years at 4.1% annual interest. Her monthly payment for this loan is $1309.47. of a year. Round your answers to the nearest cent. 12 Fill in all the blanks in the amortization schedule for the loan. Assume that each month is New loan Payment number Principal payment Interest payment balance 1 2$ 175 $615.13 $694.34 $179,342.96 176
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
Problem 61P
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To help buy her new house, Donna is taking out a $271,000 mortgage loan for 30 years at 4.1% annual interest. Her monthly payment for this loan is $1309.47.
Fill in all the blanks in the amortization schedule for the loan. Assume that each month is in of a year. Round your answers to the nearest cent.
Transcribed Image Text:To help buy her new house, Donna is taking out a $271,000 mortgage loan for 30 years at 4.1% annual interest. Her monthly payment for this loan
is $1309.47.
1
of a year. Round your answers to the nearest cent.
12
Fill in all the blanks in the amortization schedule for the loan. Assume that each month is
Principal
New loan
Payment
number
Interest
payment
payment
balance
1
2$
175
$615.13
$694.34
$179,342.96
176
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