Question: 7. Prepare an amortization schedule for the 71st, 72nd and 73rd payments on a 15-year, 3.24% APR, $1 million mortgage loan. Payments are monthly. Show

 7. Prepare an amortization schedule for the 71st, 72nd and 73rd

7. Prepare an amortization schedule for the 71st, 72nd and 73rd payments on a 15-year, 3.24% APR, $1 million mortgage loan. Payments are monthly. Show all your work. (Similar concept to problem 3). Month Beginning Balance Monthly Payment Interest Principal Ending Balance 71 72 73

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