Use PMT=Prn1−1+rn−nt to determine the regular payment​ amount, rounded to the nearest cent. The cost of a home is financed with a ​$200,000 20​-year ​fixed-rate mortgage at 4​%.   a. Find the monthly payments and the total interest for the loan. b. Prepare a loan amortization schedule for the first three months of the mortgage.

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A: Thanks for the question :)And your upvote will be really appreciable ;)

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