3. Amortization table construction a. Find a house you would like to purchase, what is the price? b. Assume you make a 20% down payment and finance the rest of the purchase price at 9% per year for 30 years (360 monthly payments), what is your monthly payment? c. Construct an amortization table for the loan. How much total interest will you pay over the life of the loan? d. What will happen to your monthly payment and the total amount of interest you will pay if rates increase to 12% (be precise).

3. Amortization table construction a. Find a house you would like to purchase, what is the price? b. Assume you make a 20% down payment and finance the rest of the purchase price at 9% per year for 30 years ( 360 monthly payments), what is your monthly payment? c. Construet an amortization table for the loan. How much total interest will you pay over the life of the loan? d. What will happen to your monthly payment and the total amount of interest you will pay if rates increase to 12% (be precise)