Suppose you have a client who has saved up $15,000 toward the down payment for her house that is priced at $185,000. If she qualifies for 3.5% APR, 30 year fixed mortgage calculate the following:

a) Her monthly payment

b) Using the following headings, prepare (hand calculate) a Loan amortization schedule for the first six months:

Period, Beginning Loan Bal, monthly payment, Applied toward Int,. Applied toward Principle, Ending loan Bal.