13. (10 points) You decide to purchase a home priced at $350,000.00 with a 10% down payment.

The mortgage lender approves you for a 30-year fixed rate loan at a quoted interest rate of 7.75%

that will be repaid monthly over the life of the loan.

13. (10 points) You decide to purchase a home priced at $350,000.00 with a 10% down payment. The mortgage lender approves you for a 30 -year fixed rate loan at a quoted interest rate of 7.75% that will be repaid monthly over the life of the loan. Complete the full amortization table with the following 5 columns: beginning period balance, monthly payment, interest paid, principal paid, and ending period balance. Assume no additional payments will be towards the principal balance