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Suppose you found the house that you have been looking for years! It comes with a price tag of $ 2 4 0 , 0

Suppose you found the house that you have been looking for years! It comes with a price tag of $240,000. As luck would have it, you have saved up $15,000 for the occasion as a down payment. If you found a bank that is willing to finance your house with a 3.5% APR, 20 year loan then, how much will be your monthly payment? (Round up your answer to two decimal point) TVM Calculator
Monthly payment: $
Based on the above information and your calculated monthly payment, fill out all the blank boxes below. Fill out all the blank boxes below. Fill in the answer for every box and show how you got them (meaning, write the calculations to show how you got each of the answer). For example, if the answer for the "Applied to interest" for the 1st Month is "C" then show how you got to C.(i.e.,A+B=C.
Months
Beg Loan Bal Monthly Pmt
Applied to Int App to Loan End Loan Bal
1st Month: $
$
$
$
$
2nd Month: $
$
$
$
$
3rd Month: $
$
$
$
$
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