You have found new premises that suit your needs. According to your calculations, buying the premises, creating your own kitchen and organizing a loan requires an investment of $200,000. You have done some research and found a loan with the following conditions:

the down payment constitutes 25% of the total amount of investment;

the annual interest rate is 4.5%;

the loan term is 15 years.

Option II - Loan of $150,000, 4.5%, 15 years
Loan Amortization Schedule for Year 202X
Investment needed	200000
Down payment	25%
Loan Amount
Annual interest rate	4.5%
Monthly interest rate
Loan term, in years	15
Loan term, in months
Payment date	Total monthly payment	Principal payment	Interest payment	Balance
January, 202X
February, 202X