Mathematics, 07.04.2021 04:10 ld966057

Home 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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Home mortgages use amortization schedules, but the principal balance might be 10 or 100 times larger...