Create partial amortization schedule showing distribution

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Reference no: EM131826144

A couple purchases a home worth $256000 by paying $86000 deposit and then taking out a mortage at j2=7%. The mortgage will be amortised over 25 years with equal payments. Determine the monthly payments hey make and create a partial amortization schedule showing the distribution of the first 6 payments as to interest and principal.

Reference no: EM131826144

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