Question: IV . Prepare a loan amortization schedule for the first three months of a mortgage of 4 5 0 , 0 0 0 house price,

IV. Prepare a loan amortization schedule for the first three months of a mortgage of 450,000 house price, with 15% down payment, 5% rate, at 25 years fixed ter
Show work for calculations below the table. Round values to two decimal places
This is the amount you will use on the Loan Amortization Table Below:
Payment Number
Monthly Payment
Interest Payment
Principal Payment
Balance of Loan
1
2
3

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