PLEASE SHOW WORK AND EXPLAIN

(6p) TVM Problem There are two related questions in this mortgage problem. Must respond to both. Suppose you are buying a house that costs $500,000. You put 20% as down payment and for the rest you get 30-year mortgage at 4% at your local Bank-Key. (0) Prepare the first four months of your "amortization schedule. Fill out all the cells below Amortization Schedule of your MORTGAGE Month Beg Bal PMT Interest Principal End Bal 1 2 3 4 (ii) Suppose you are planning to pay off the remaining debt as "balloon payment at the end of year 15 with 1.25% prepayment penalty. How much money do you need to pay to Bank-Key to own your house completely at the end of year 157 Show your work