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4. (10 points) Consider that you take out a $250,000, 30-year mortgage with 3.5% interest with monthly payments. Create the amortization schedule. (Show the first
4. (10 points) Consider that you take out a $250,000, 30-year mortgage with 3.5% interest with monthly payments. Create the amortization schedule. (Show the first 3 payments) (10 points) Payment # Payment Amount Interest Paid Principal Paid Remaining Balance 5. (10 points) Consider that you take out a $250,000, 15-year mortgage with 3.5% interest with monthly payments. Create the amortization schedule. (Show the first 3 payments) Payment # Payment Amount Interest Paid Principal Paid Remaining Balance
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