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Show an amortization table representing

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Show an amortization table representing the following situation. You are buying a house. The sale price is $150,000, and you have a downpayment of $30,000, which means you are taking out a mortgage for the remaining amount of $120,000. You have been approved for a 30-year loan at an annual rate of 3.72%, with monthly payments. Using your amortization table, after how many months do you begin paying more towards principal than towards interest?

Reference no: EM132502485

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