Problem 7-13 (LG 7-4) You plan to purchase a $240,000 house using a 15-year mortgage obtained from your bank. The mortgage rate offered to you is 470 percent. You will make a down payment of 25 percent of the purchase price. a. Calculate your monthly payments on this mortgage. b. (1) Construct the amortization schedule for the mortgage b. (2) How much total interest is paid on this mortgage? Complete this question by entering your answers in the tabs below. Req B1 Reg A Amortization Req B2 Total Schedule Interest Construct the amortization schedule for the mortgage? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.9., 32.16)) Amortization Schedule for the 15-Year Mortgage Cumulative Principal Interest Cumulative Principal Interest Month Ending Balance 1 2 3 179 180