1. The Taylors are buying a house costing $400,000. They will make a $60,000 down payment and finance the rest with a 20-year mortgage charging 5.4% interest compounded monthly. a. What is the size of each monthly payment? (Spoints) b. How much is still owing after 15 years (5 points) C. The Taylors have decided to pay $2500 per month. How many years will it take to pay off the mortgage? (7 points) d. Construct an Excel spreadsheet for the amortization schedule. Your spreadsheet should show the last first 10 rows of the amortization schedule. (9 points) Xo IV. A 5. P W SM 111 112 IL 112 1444 .06 SAMA e. Based on the amortization table how much interest was paid in the first 10 payments? (1 points)