Question: 5. You plan to purchase a $200,000 house uning a 30 -year mortgage obtained from your local credit union. The mortgage rate offered to you

5. You plan to purchase a $200,000 house uning a 30 -year mortgage obtained from your local credit union. The mortgage rate offered to you is 6.50 percent. You will malee a down payment of 20 percent of the purchase price. (LC 7 .at) a. Calculate your monthly paymenta on this montgage. b. Conitruct the amortimation achedule for the first aix payments

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