Question

Your friend decides to purchase a home and takes a 15-year, $100,000 mortgage with a mortgage...

Your friend decides to purchase a home and takes a 15-year, $100,000 mortgage with a mortgage rate of 4.8%. Her monthly mortgage payment would be $780.4. Please fill in the blanks.

Month

Beginning balance of loan

Monthly payment

Monthly

interest rate

Amount applied to interest

Amount applied to principal

Ending balance of loan

1

$100,000

$780.4

a.

b.

c.

d.

2

e.

f.

g.

h.

i.

j.

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