jordanyoung8107 jordanyoung8107
  • 13-10-2022
  • Business
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mortgages use amortization schedules, but the principal
balance might be 10 or 100 times larger than Janet's $3500 trip. They're typically paid back
over a period of 30 years at a much lower interest rate (~4%). Explain what you think that
amortization schedule might look like,

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