Angela borrowed a $350,000, 30-year mortgage loan. The APR of the mortgage loan is 3%...
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Angela borrowed a $350,000, 30-year mortgage loan. The APR of the mortgage loan is 3% and Angela was required to make equal payment at the end of each month. How much should she pay each month? Also, please fill in the following amortization table of the loan for the first month and show your calculations in detail.
| Month | Beginning of Month loan Balance | Monthly Payment | Interest | Scheduled Principal Repayment | End of Month Loan Balance |
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