I don't know how to calculate the second question regarding calculating the payment, just the interest. Also, the monthly payment would be 858/month

Print and turn in an amortization schedule showing monthly payments for a loan with the following characteristics: (just the first page) a. Loan amount: $150,000 b. Interest rate: 7% c. Number of years: 20 d. Pmts per year: 12 Show how you would manually calculate the interest for the first two payments. You do not have to show how to manually calculate the payment, just the interest. You can get the payment from the loan amortization schedule. You can use the amortization schedule from #1 as a way to check your manual calculations