Construct an Amortization Schedule for the First Three Months and the Final

Construct an amortization schedule for the first three months and the final three months of payments for a 30-year,7 percent mortgage in the amount of $90,000. What percentage of the third payment is principal?
What percentage of the final payment is principal?
What do these differences imply?
(Hint:
The balance after the 357^th payment is $1,775.56.)

Correct Answer:

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12.46 percent of the third payment is p...

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