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Construct an amortization schedule for the first three months and the final three months of payments for a 30-year, 7% mortgage in the amount of $250,000. What percentage of the third payment is principle? What percentage of the final payment is principle? What do these differences imply?

Construct an amortization schedule for the first three months and the final three months of payments for a 30-year, 7% mortgage in the amount of $250,000.

What percentage of the third payment is principle?

What percentage of the final payment is principle?

What do these differences imply?

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