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Suppose you sign a Mortgage credit for 5 000 000 dollars to buy a new house to be amortized over 15 years subject to 22.4%

Suppose you sign a Mortgage credit for 5 000 000 dollars to buy a new house to be amortized over 15 years subject to 22.4% interest compounded monthly. The loan is to be paid back by making monthly payments. Fill in the empty boxes of the amortization schedule of this loan:

Payment number

payment

interest

Unpaid balance reduction

Unpaid balance

0

-

-

-

5 000 000

1

---

---

100

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