Construct an amortization schedule

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A family purchased a house valued at $300,000 Owners equity of 20% is required as an initial collateralized condition with the financed amount to be amortized in equal monthly amounts extended over a 15 year period @ 12%. Find : The borrowers financing amount required, that is the PVA. The monthly repayment amount. Construct an amortization schedule for the first 4 periods starting from zero.

Reference no: EM131023169

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