Part II (20 points): Personal Finance 1. (10 points) You decide to purchase a home priced at $350,000.00 with a 10% down payment. The mortgage lender approves you for a 30-year loan at a quoted interest rate of 5.75% that will be repaid monthly. Complete the full amortization table with the following 5 columns: beginning period balance, monthly payment, interest paid, principal paid, and ending period balance. 2. (10 points) You decide to purchase a car retailing at MSRP for $33,750.00. The car dealer gives you a $1,500.00 discount and you decide to deposit $5,400.00 as a down payment. The dealers financing company approves you for a 5-year loan at a quoted interest rate of 7.20% that will be repaid monthly. Complete the full amortization table with the following 5 columns: beginning period balance, monthly payment, interest paid, principal paid, and ending period balance.

	Period	Beginning Balance	Monthly Payment	Interest Paid	Principal Paid	Ending Balance
	1
	2

		Period	Beginning Balance	Monthly Payment	Interest Paid	Principal Paid	Ending Balance
		1
		2