complete the loan amortization schedule for a mortgage that will be repeated over 360 months and answer the following questions:

1. what is your monthly payment?

2. what is the total dollar amount of payments made over the life of the loan

3. how many months will it take to pay off the loan if you pay an extra $82.32 per month?

principal amount: $220,000

annual interest rate: 3.50%

periods per year: 12

total number of payments: 360

percentage rate per period:

extra payment per month: $82.32

mortgage score:

total score:

B15 fx 82.32 D K 1 Mortgage Amortization Complete the loan amortization schedule for a Mengage that will be repaid over 360 months and answer the following questions (The details about the loan are shown below) Correct Answers 1. What is your mealy paym 2. What is the total amount of payments made over the life of the Enter Answers Here 3. How many months will it take to pay off the loan if you pay an extra $82.32 per mo? Note: Enter the month when the whole principal is paid off. Abo, remember to show the americation table for the original payment before you smit Payment No Beginning Balance Payment Amount Interest Paid Principle Paid Ending Halance 9 Loan Input Data 10 Principal Amount Amount $220,000.00 3.50% 11 Annual Interest Rate 12 Periods Per Year 12 13 Total Number of Payments 340 14 Percentage Rate Per Period 15 Extra Payment per month $82.32 16 17 18 19 Mortgage Score 20 Total Score 0.00 21 22 23 24 25 FEEDBACK Carloen Ready Grade Mortgage 0.Case Instructions 2 3 4 5 6 72 N 9 10 11 13 13 14 15 16 37 14 19 20 21 22 241 Mortgage 100% ce y g so wnsh