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Calculate my monthly payments on mortgage

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Reference no: EM132477718

I plan to purchase a $150,000 house using a 15-year mortgage obtained from my local credit union. The mortgage rate offered to me is 5.25 percent. I will make a down payment of 20 percent of the purchase price.

1. Calculate my monthly payments on this mortgage.

2. Construct the amortization schedule for the first six payments.

Reference no: EM132477718

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