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What is the amount of your monthly mortgage payment

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Reference no: EM132838406

Question - If you borrow $500,000 to buy a house today, what is the amount of your monthly mortgage payment over the next 30 years if the bank charges a 3.6% interest rate? Complete the amortization table for the first six monthly mortgage payments. Journalize the initiation and third payment of the loan.

Reference no: EM132838406

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