MATH 109 Amortization - WKU
but this additional amount is only for insurance and taxes and does not affect the loan. (b) Due to the rounding of M to the nearest cent, the last payment may not actually be $690.25. If you make a complete amortization chart of the process, then the last payment will actually be $694.02, which makes the total payment $248,493.77. ................
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