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You plan to purchase a dollar 200,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is

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You plan to purchase a dollar 200,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 7 percent. You will make a down payment of 10 percent of the purchase price. Calculate your monthly payments on this mortgage. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16) Monthly payment dollar 617.85 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)

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