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Conchita has made a $210,200 loan for a home. Her 22-year fixed-rate loan has an interest rate of 6.00%. Create an amortization schedule for the first two payments.
Click the icon to view the table to find the monthly payment of principal and interest per $1,000 of the amount financed.
Win
Monthly
payment
Month
1
(Round to the nearest cent as needed.)
Complete the table for the second month below.
Month
2
Interest
Monthly
payment Interest
$
(Round to the nearest cent as needed.)
Principal
Principal
End-of-month
principal
End-of-month
principal