John plans to borrow $400,000 from his bank, which agrees that John should repay the loan in 180 equal end -of-months payments. The annuel interest rate is 4.5%, compounded monthly.

(1) what is the amount of each monthly payment? show your calculation

(2) How much is the total interest in dollars amount will John pay over a 15 year life of the loan? Show your calculation

(3) complete the following loan amortization schedule for the first 6 months and the last month. Rounding amounts to the nearest dollar.