Question: clearly using the appropriate formulas ( b . On December 3 1 st , you borrow $ 2 1 0 , 0 0 0 to

clearly using the appropriate formulas (b.On December 31st, you borrow $210,000 to buy a house. The mortgage rate is 1% percent per month. The loan is to be repaid in equal monthly payments over20 years.(a) set up an amortization schedule for the loan for the first two (2) months of the loan.(b) From part (a) write down the principal part if the installment payment for the month of the loan(c) What's the loan's APR? EAR?

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