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Bonus 1. (50 points): As of the writing of this assignment, the national average rate of interest on a mortgage loan is 4.83% compounded monthly.
Bonus 1. (50 points): As of the writing of this assignment, the national average rate of interest on a mortgage loan is 4.83% compounded monthly. Suppose you have $50,000 with which you can make a down payment. Construct an amortization schedule on a 30-year mortgage paid monthly for a home on the market near you. (Please note and use the asking price, or the selling price for a recently sold home)
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