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Build the entire amortization table

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Reference no: EM132395578

You plan to buy a house and have found a nice home on the market for $520,000, put 20% of the purchase price down and finance the remainder using a 15-year fixed rate mortgage for your local bank at 4.60% APR. Build the entire amortization table.

Suppose you move to a new city and sell the house in 8 years. How much do you still owe on the mortgage when you sell the home?

Reference no: EM132395578

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