If you can, please write down the formula you need to use for this problem

Return to question You plan to purchase a $380,000 house using a 15-year mortgage obtained from your bank. The mortgage rate offered to you is 4.80 percent. You will make a down payment of 20 percent of the purchase price. a. Calculate your monthly payments on this mortgage. b. Construct the amortization schedule for the mortgage. How much total interest is paid on this mortgage? X Answer is not complete. Complete this question by entering your answers in the tabs below. Req A Req B Amortization Schedule Req B Total Interest Construct the amortization schedule for the mortgage? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Amortization Schedule for the 15-Year Mortgage Prev 4 of 5 3 Score answer W 19:24 2020/12/28 Return t Req A Req B Amortization Schedule Req B Total Interest Construct the amortization schedule for the mortgage? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Month Amortization Schedule for the 15-Year Mortgage Cumulative Cumulative Principal Interest Principal Interest 304,000.00 1,216.00 1,156.46 1,216.00 302,843.54 X 1,211.37 2,317.55 2,427.37 Ending Balance 302,843.54 301,682.45 N 3 179 180 Score answer Complete this question by entering your answers in the tabs below. Req A Reg B Amortization Schedule Req B Total Interest How much total interest is paid on this mortgage? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Total interest is paid on this mortgage