explain each step

e Insert Draw Design Layout References Mailings Review View Zotero Share Calibri (Bo... 12A A Aa Ap BIU* x, x' ADA Styles Dictate Styles Pane Sensit av L Question1: Create an Amortization table Example: An amount of $500 is borrowed for 6 months at a rate of 12%. 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 balance. Question2: Jessica was granted a home loan in the amount of $429,050 to be paid back in 30 years. Assume she put down $30,100 for a down payment. For an APR of 3.13%, complete the following amor tization schedule for the first three payments: Period MO Monthly Payment Amount Paid Toward Interest Amount Paid Toward Principal Remaining Balance 0