Ms. Maggie Evans purchased a $500,000 condo in Los Angeles. She put a 20% down payment and obtained a 15-year mortgage loan for the balance. The interest rate for the loan is 4.25% per year compounded monthly. Prepare an amortization schedule displaying the information for the first three monthly payments for the loan. Must show work for the entire row for payment #1.

Principal at End of Paymen Amount of Inteest for Portion to Number Payment Period Principal Period 0 1 2 3