You buy a house $275,000. You pay $25,000 down and you take out a mortgage at 3.15% compounded monthly on the balance for 30 years. 1. Find your monthly payment. 2. Find the total amount of interest you will pay for 30 years. 3. Create an amortization table on the excel with the titles below. Payment Monthly Number Payment Interest for per month Portion to Principal Principal at the end of a year 0. 1. 2. 4. On the table your last payment can be different than the other payments. You can adjust the amount of the final payment and make the final balance zero. 5. Now, calculate the total interest on your amortization table by adding all values in column of interest. Compare this number with interest you find #2. 6. Answer of questions should be written on a word document, and copy and paste first five and last five rows of the table into your word document