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FIN MISC

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Running head: Case study S&S Air Mortgage Week4

  • Running head: Case study S&S Air Mortgage Week4

  • Exam (elaborations) • 4 pages • 2022
  • Question 1: What are the monthly payments for a 30-year traditional mortgage? What are the payments for a 20-year traditional mortgage? a. 30 -Years Traditional Mortgage a. $212,098.17 Per Month b. 20- Years Traditional Mortgage a. $252,774.22 Per Month Question 2: Prepare an amortization table for the first six months of the traditional 30-year mortgage. How much of the first payment goes toward principal? a. For the first payment towards principal it will be $34,181.51
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