Create an amortization table for the rst two months for a 30-year xed-rate mortgage of $240,000 at an APR of 4.75%. As part of your work, calculate the monthly mortgage payment using the appropriate value from the table on Page 321 in the textbook. How much was paid on the principal in the second month? Round to the nearest cent. NOTE: You will need to do this by hand using the value from A buyer purchases a house for $750,000 and makes a down payment of 20%. What will be the initial principal of the mortgage (the loan amount)? You want to purchase a house and have determined that you can afford a $1,400 monthly mortgage payment. You plan on a 30-year xed- rate mortgage, and the current annual interest rates are hovering at 4.2%. How big of a loan can you afford? Round to the nearest dollar. If you deposit $50 each month into a retirement account with an APR of 2.1%, what will be the total value of the account after 30 years? Round to the nearest cent You purchase a condo with a 30-year xed-rate mortgage of $340,000 at an APR of 5.4%. How much will you end up paying in interest over the 30 years? When nding your monthly payment, round to the nearest cent