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You are considering buying a house with a listed price of $ 4 0 0 , 0 0 0 . After doing some research, you

You are considering buying a house with a listed price of $400,000. After doing some research, you have concluded that a 30-year fixed-rate mortgage is the best option for you. The bank requires you to put a down payment equal to 20% of the value of the house. You plan to use your savings to meet the down payment and borrow the balance from the bank. The banks annual interest rate for a 30-year fixed-rate home mortgage is 6.6%. Both interest and principal are payable at the end of each month.
Please do:
Prepare a complete mortgage amortization schedule for this house purchase in Excel. It should show the mortgage, interest, and principal payments and the principal balance remaining at the end of each month.

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