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you is 7 . 7 5 percent. You will make a down payment of 2 0 percent of the purchase price. a . Calculate your

you is 7.75 percent. You will make a down payment of 20 percent of the purchase price.
a. Calculate your monthly payments on this mortgage.
b. Construct the amortization schedule for the first six payments.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Construct the amortization schedule for the first six payments. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g.,32.16))
\table[[Amortization Schedule for first 6 payments (months)],[Month,\table[[Beginning Loan],[Balance]],Payment,Interest,Principal,\table[[Ending Loan],[Balance]],,],[1,,,,,,,],[2,,,,,,,],[3,,,,,,,],[5,,,,,,,],[6,,,,,,,]]
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