Create an amortization schedule the first 6 months of owning your own home - new home for $250,000, 8.00% annual nominal interest rate compounded monthly- assume 30 year (360 months) fixed mortgage and 20% down on the home. How much of the loan amount has been "paid down" in total over the first 6 months and discuss? How much interest have you paid in total over just the first 6 months? Compare the previous two values to the same values for the last 6 months and discuss similarities and differences and what causes them. How much in total payments will be made over the 360-month life of the loan? Thoughts on how much you spend relative to the initial loan amount?