Part $3$: Changing the Term of the Loan

Now consider the effects of changing the term of the loan. Consider a loan for $$100,000$ at $6\%$ for $20$ years.

What is your new monthly payment?

Create the amortization table and print the last three rows or copy them below.

$\backslash$table$[[$Month$,\backslash$table$[[$Remaining$],[$Principal$]],\backslash$table$[[$Monthly$],[$Payment$]],\backslash$table$[[$Interest$],[$Payment$]],\backslash$table$[[$Principal$**],[$Payment$]]],[238,,,,],[239,,,,],[240,,,,]]$

How much extra would you have to pay each month compared to the original $6\%30-$year loan?

What percent of the original payment $($$$599\mathrm{.}55)$ is your additional monthly payment?