Compute the monthly payment that you will be making on loan

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Reference no: EM132057700

You are ready to purchase a home that has a price of $350,000. You will make a down payment of $50,000 and will finance the remainder with a 30-year loan. The stated rate on the loan is 6% annual with monthly payments.

Compute the monthly payment that you will be making on this loan.

Provide an amortization schedule of 3 months for this loan, beginning with the first payment.

Reference no: EM132057700

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