Make an amortization schedule

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Reference no: EM131915166

Mary wants to buy a house. The house costs $750,000. She will make a 20% down payment. She will have a 30-yearmortgage at an interest rate of 4.5%.

a) Make an amortization schedule for the first 6periods(not years) of her loan (Beginning balance, payment, principal & interest portions, ending balance, etc).

b) Assuming she follows her amortization schedule, what will be the total interest she will pay for her home after 30 years?

Reference no: EM131915166

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