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History, 23.03.2020 23:56 frankcaroccio0203

5. Challenge question: 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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