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Narrative 14-1
for Problems in This Section, Use Table 14-1 334%3 \frac { 3 } { 4 } \%

question 107

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Narrative 14-1
For problems in this section, use Table 14-1 from your text to find the monthly mortgage payments, when necessary.
-Refer to Narrative in your text 14-1. Prepare an amortization schedule for the first 2 payments of a $97,000 mortgage at 334%3 \frac { 3 } { 4 } \% for 20 years. Find the loan balance after 2 payments.


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