1). You are going to buy a home, and will be taking out a home loan for $275,000. The loan will be a standard 30 year loan, compounded monthly, with an APR of 7.9%:

a). Calculate the uniform payment series for the loan?

b). Construct an amortization table that separates payments into interest and principle portions?

c). If you pay an additional $150 per payment period for the first 4 years of the loan, what will the new payoff date be?