Prepare an amortization schedule for a 30-year mortgage for your home (it can be your real home or your dream home). Compare the amount of interest paid and the principal reduction during the first, second, fifth, tenth, twentieth, and thirtieth years. Calculate the total amount of interest paid during the life of the loan. Prepare an amortization schedule for a 20-year loan and compare the total amount of interest paid during the life of the loan and the monthly payment.