You plan to purchase a house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 2.40 percent. The house is priced at $100,000 and you will make a down payment of 25 percent of the purchase price. 1. Calculate your monthly payments on this mortgage. Show your work (either formula or 5-key approach entries). 2. Construct the amortization schedule for the first two payments. (It might be easier if you put the table down into an word/excel file or a handwritten document) Month Beginning balance Payment Interest Principal Ending balance 1