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explain steps 7. You borrowed $624,000.00 to buy your first home. The interest rate is 6% compounded quarterly, and you will be making the payment

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7. You borrowed $624,000.00 to buy your first home. The interest rate is 6% compounded quarterly, and you will be making the payment biweekly. If the regular payment is $1,600.00, complete the first and the last payment rows of the amortisation schedule below; that is, find the values for the letters A~ J. interest principal payment # payment $ portion portion balance A 1 B C D E : : : : F G H 1 J

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