The cost of a home is financed with a 200000 20-year, Financial Management

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The cost of a home is financed with a 200000 20-year

The cost of a home is financed with a ?$200,000 20?-year ?fixed-rate mortgage at 4.5?%.

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.

Round all answers to the nearest cent as needed.

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Financial Management: The cost of a home is financed with a 200000 20-year

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