Construct an amortization schedule for the $300,000 loan with a 3.5% interest rate compounded monthly. The loan will be paid back in 15 years making monthly payments.

Identify the principal and interest payment of each month.

Hint: Please use the excel file of Loan . Also, please make sure you will modify the loan amortization model to 15 years as required.

Construct an amortization schedule for the $300,000 loan with a 3.8% interest rate compounded

monthly. The loan will be paid back in 30 years making monthly payments.

Hint: Now you need to modify the loan amortization model to 30 years as required.

1