Question: Please solve for the following: . 3. Complete the amortization schedule below using the following information: Loan amount: $1,000,000; fully amortized 30 years; monthly payments

Please solve for the following:

. Please solve for the following: . 3. Complete the amortization schedule below

3. Complete the amortization schedule below using the following information: Loan amount: $1,000,000; fully amortized 30 years; monthly payments Term: 6% Rate IPMT PER (n PRIN PMT $5,996 121 360 What is the total amount of principal to be repaid over the life of the loan? What is the effective interest rate? What is the effective interest rate if 5 points are charged? What is the total amount of interest to be paid over the term of the loan? PPMT

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