Compute an amortization schedule for the first three months for a $\$ 59,000$ mortgage with an interest rate of $7 \%$ and a monthly payment of $\$ 530.41$.

$\begin{array}{llll}
\underline{\text { Payment Number }} & \underline{\text { Interest }} & \underline{\text { Payment on Principle} } & \underline{\text { Balance of Loan }} \
1 & & \
2 & &\
3&&
\end{array}$

Question

Compute an amortization schedule for the first three months for a $\$ 59,000$ mortgage with an interest rate of $7 \%$ and a monthly payment of $\$ 530.41$.

$\begin{array}{llll}
\underline{\text { Payment Number }} & \underline{\text { Interest }} & \underline{\text { Payment on Principle} } & \underline{\text { Balance of Loan }} \
1 & & \
2 & &\
3&&
\end{array}$

Quizplus · Accepted Answer

The Answer of Compute an amortization schedule for the first three months for a $\$ 59,000$ mortgage with an interest rate of $7 \%$ and a monthly payment of $\$ 530.41$.

$\begin{array}{llll}
\underline{\text { Payment Number }} & \underline{\text { Interest }} & \underline{\text { Payment on Principle} } & \underline{\text { Balance of Loan }} \
1 & & \
2 & &\
3&&
\end{array}$

Compute an Amortization Schedule for the First Three Months for A