Question: Prepare a loan amortization schedule for the first 2 months of the mortgage loan shown in the following table. Round entries to nearest cent. Please

Prepare a loan amortization schedule for the first 2 months of the mortgage loan shown in the following table. Round entries to nearest cent. Please show all work!

1) Prepare a loan amortization schedule for the first two months of the mortgage loan shown in the following table. Round entries to the nearest cent. Annual % Rate: 7.0% Amount of Mortgage: $200,000 Number of Monthly Payments: 240 Payment Number Interest Payment Monthly Payment: $1550.00 Term: Years 20, Months 0 Principal Payment Balance of Loan 2

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