7. Don and Celine have been approved for a $400,000, 20-year mortgage with an APR of 3.35%. Using the mortgage and interest formulas, set up a 2-month amortization table with the headings shown and complete

7. Don and Celine have been approved for a $400,000, 20-year mortgage with an

APR of 3.35%. Using the mortgage and interest formulas, set up a 2-month

amortization table with the headings shown and complete the table for the

first 2 months.

Payment

Number

Beginning

Balance

Monthly

Payments

Towards

Interest

Towards

Principal

Ending

Balance

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7. Don and Celine have been approved for a $400,000, 20-year mortgage with an APR of 3.35%. Using the mortgage and interest formulas, set up a 2-month amortization table with th…

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