Construct an amortization schedule for the first three months and the final three months of payments for a 30-year,7 percent mortgage in the amount of $90,000. What percentage of the third payment is principal? What percentage of the final payment is principal? What do these differences imply? (Hint: The balance after the 357th payment is $1,775.56.)
Definitions:
Assault
A deliberate action by someone that causes another person to fear an immediate harmful or offensive touch.
Battery
An illegal act that involves physically executing a threat, different from assault which involves causing fear of that contact.
Heated Conversation
An intense or emotionally charged discussion, often involving disagreement or conflict.
Jab
A quick, sharp punch, often used in boxing or as a metaphor for a pointed remark or criticism.
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