You wish to buy a $250,000 house, using a 20-year mortgage and putting 25% as a cash down payment. The current interest rate is 4.25% compounded monthly.

1) What is your monthly payment?

2) For each month, what portion of that payment goes to principal and what goes to paying interest? make a mortgage ammortization table to show your solution.

Pay attention to formatting and do not hardcode numbers into your formulas.