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REAL 4300 Spring 2020 Question #2 1. Please construct an amortization (Table of Level Payments on principal and interest) schedule for the following annual payment

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REAL 4300 Spring 2020 Question #2 1. Please construct an amortization (Table of Level Payments on principal and interest) schedule for the following annual payment mortgage: Loan: $150,000; Interest rate: 8%; Term: 5 years; Loan constant: 0.250456 for amortization Year Total Payment/ Year Interest/Year Principal/Year Balance 1. 2017 2. 2018 3. 2019 4. 2020 5. 2021 Total S S S $

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