Question 5 5 points You apply for a mortgage loan with the amount of $120.980...
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Question 5 5 points You apply for a mortgage loan with the amount of $120.980 today to buy acondo. You plan to make smal payments over a 20-year period. The bank has allered you 3.79 interest rate, compounded annually What is your interest payment amount in the SECOND year? Hint: You will need to construct an Amortization Table to wwer the question Please round your answer to the second decimal without a dollar sign. Eg. 1234.56
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