MY NOTES Michael Sanchez purchased a condominium for $70,000. He made a 20% down payment and financed the balance with a 30 years for men nearest cent. Use this table, if necessary.) (a) What is the amount (in s) of the monthly principal and interest portion, Pt, of Michael's loan? (6) Construct an amortization schedule for the first four months of Michael's mortgage. Payment Number Monthly Payment Monthly Interest (in $) Portion Used to Reduce Principal (in ) Loan Balance (in 5) 0 1 5 $ 2 $ $ $ 3 5 s s $ 4 $ $ 5 $ (c) If the annual property taxes are $1.670 and the hazard insurance premium is $700 per year what is the total monthly PITI of Michael's loan in 52