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Karib corporation purchased a building by signing a 178800

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Karib Corporation purchased a building by signing a $178,800 long-term mortgage with monthly payments of $1,400. The mortgage carries an interest rate of 8 percent.

Prepare a monthly payment schedule showing the monthly payment, the interest for the month, the reduction in debt, and the unpaid balance for the first three months. Round your answers to the nearest dollar.

Reference no: EM13606931

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