Question: Construct an amortization schedule for a 15-year, $500,000 loan with a 6.2% interest rate compounded monthly. The loan will be paid back in 15

Construct an amortization schedule for a 15-year, $500,000 loan with a 6.2% interest rate compounded monthly.

Construct an amortization schedule for a 15-year, $500,000 loan with a 6.2% interest rate compounded monthly. The loan will be paid back in 15 years making monthly payments. You need to calculate the principal payment and interest payment, respectively, of each month. Construct an amortization schedule for a 30-year, $500,000 loan with a 8.5% interest rate compounded monthly. The loan will be paid back in 30 years making monthly payments. You need to calculate the principal payment and interest payment, respectively, of each month. LOL Cur din Huis 20

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