Assume you pay 0% down payment on a home. Make an amortization table for a 20-year mortgage for $100,000 at 6%. Make an amortization schedule.

How much are payments every month?

What is your loan balance after making the 5th payment?

How much equity will you own after making the 60th payment (25% of the loan life)?

How much equity will you own after making the 120th payment (50% of the loan life)?

How much total interest will you pay?

Period PMT 0 1 2 3 4 Principal Interest Paid Balance 100,000.00 716.43 500.00 216.43 99,783.57 716.43 498.92 217.51 99,566.06 716.43 497.83 218.60 99,347.45 716.43 496.74 219.69 99,127.76 716.43 495.64 220.79 98,906.97 716.43 494.53 221.90 98,685.07 716.43 493.43 223.01 98,462.07 716.43 492.31 224.12 98,237.95 716.43 491.19 225.24 98,012.70 716.43 490.06 226.37 97,786.34 5 6 7 00 9 10