Question: In Excel, create the amortization table for a 15-year mortgage for $330,000 at 3.9% interest. Individual taxpayers may be able to deduct the amount of

In Excel, create the amortization table for a 15-year mortgage for $330,000 at 3.9% interest.

Individual taxpayers may be able to deduct the amount of interest that they paid on a mortgage for a personal residence. If the mortgage was issued on May 1, how much interest will be earned in the first year?

How much interest will be earned in the second year?

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