Create an amortization schedule for a 20-year, $200,000 loan at 7.5% interest with monthly payments.

1. During which payment number does the amount applied to the principal exceed the amount paid to interest?
2. True or False? After half of the time has passed in making payments, we also note that exactly half of the overall balance has been paid off. Explain.
3. After completing the schedule, show two different ways for finding the total amount of interest paid over the 20 years.