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What is the amount of your monthly mortgage payment

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Reference no: EM132839617

Question - If you borrow $500,000 to buy a house today, what is the amount of your monthly mortgage payment over next 30 years if the bank charges a 3.6% interest rate?

Provide cash, interest expense, principal adjustment and principal balance for the first 6 months.

Journalize the third payment.

Reference no: EM132839617

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