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Mathematics, 06.04.2020 13:52 kkmoney

1. Excel: Complete the amortization table provided in the Excel document posted in IvyLearn in the homework area by setting the appropriate values for a $165,000, 30-year mortgage at 4.5% interest and using Excel’s autofill (drag) feature to fill in the cells to the end of the mortgage period. Use this to answer the following:
a. How much of the first payment goes towards the principal? How much goes toward the interest?

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