Question: answer please Q2.A few years ago Michael Smith purchased a 1-bedroom condo for $146,100 mortgage at 6.5% for 30 years. Calculate the monthly payment and

answer please

Q2.A few years ago Michael Smith purchased a 1-bedroom condo for $146,100 mortgage at 6.5% for 30 years. Calculate the monthly payment and prepare an amortization schedule for the first three months of his loan. Payment Monthly Monthly Portion Used to Loan Balance Number Payment Interest Reduce Principal 0 1 2 11 11 11 W Q3.Use Table 14-1 to calculate the monthly principal and interest and calculate the monthly PITI for the following mortgages. Annual Amount Interest Term of Monthly Annual Monthly Property Financed Rate Loan PI Insurance PITI Tax

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