Question: a) Prepare two amortization schedules: First, for the first 6 and second, for the last 6 months of a 30-year, $500,000, fixed rate mortgage loan

a) Prepare two amortization schedules: First, for the first 6 and

a) Prepare two amortization schedules: First, for the first 6 and second, for the last 6 months of a 30-year, $500,000, fixed rate mortgage loan with a nominal interest rate of 10% p.a. assuming that the loan was taken on November 3, 2021. How are the two schedules different in terms of allocation of monthly payment over principal repayment and interest payment? a

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