Construct a loan amortization schedule 3. For a $120,000 mortgage with annual interest rate 4.5% paid...

 

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Construct a loan amortization schedule 3. For a $120,000 mortgage with annual interest rate 4.5% paid over 15 years, the monthly payment is $917.99. Fill in the table below to make an amortization schedule showing the monthly payment, the monthly interest on the outstanding balance, the portion of the payment contributing toward reducing the debt, and the outstanding loan balance. (22 points) Payment Payment Amount Interest Paid Debt Paid Loan Balance 1 2 3 5 Show the calculations used to fill your table below Construct a loan amortization schedule 3. For a $120,000 mortgage with annual interest rate 4.5% paid over 15 years, the monthly payment is $917.99. Fill in the table below to make an amortization schedule showing the monthly payment, the monthly interest on the outstanding balance, the portion of the payment contributing toward reducing the debt, and the outstanding loan balance. (22 points) Payment Payment Amount Interest Paid Debt Paid Loan Balance 1 2 3 5 Show the calculations used to fill your table below