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19 points] DETAILS BRECMBC9 14.1.016. MY NOTES ASK YOUR TEACHER PRACTKEAN Michael Sanchez purchased a condominium for $73,000. He made a 20% down payment and

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19 points] DETAILS BRECMBC9 14.1.016. MY NOTES ASK YOUR TEACHER PRACTKEAN Michael Sanchez purchased a condominium for $73,000. He made a 20% down payment and financed the balance with a 30 year, 5% foed-rate mortgage. (Round your answers to the neare Use this table, if necessary.) (a) What is the amount (in $) of the monthly principal and interest portion, PI, of Michael's loan? (b) Construct an amortization schedule for the first four months of Michael's mortgage Payment Number Monthly Payment (in ) Monthly Interest (in ) Portion Used to Reduce Principal (in ) Loan Balance (in) 0 $ 1 $ $ 2 $ $ $ 3 $ $ $ $ $ $ 4 (c) If the annual property taxes are $1,640 and the hazard Insurance premium is $670 per year, what is the total monthly PITI of Michael's loan (in 5) $ Pla

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