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The document outlines a 120-month loan schedule for a $300,000 loan with a 3% annual interest rate (0.25% monthly). The monthly payment is $2,896.82, which is applied first to interest and then principal over the life of the loan, gradually reducing the residual debt to $0 by the final payment.
The document outlines a 120-month loan schedule for a $300,000 loan with a 3% annual interest rate (0.25% monthly). The monthly payment is $2,896.82, which is applied first to interest and then principal over the life of the loan, gradually reducing the residual debt to $0 by the final payment.
The document outlines a 120-month loan schedule for a $300,000 loan with a 3% annual interest rate (0.25% monthly). The monthly payment is $2,896.82, which is applied first to interest and then principal over the life of the loan, gradually reducing the residual debt to $0 by the final payment.