Problem 1 Consider the following fixed-rate, level-payment mortgage: maturity 180 months, amount borrowed = $500,000, annual mortgage rate = 4%. a) Construct an amortization schedule for month 1 to month 10. b) Without constructing an amortization schedule, what is the mortgage balance at the end of month 120 assuming no prepayment? c) Without constructing an amortization schedule, what is the scheduled principal payment in month 120 payment assuming no prepayment? Problem 1 Consider the following fixed-rate, level-payment mortgage: maturity 180 months, amount borrowed = $500,000, annual mortgage rate = 4%. a) Construct an amortization schedule for month 1 to month 10. b) Without constructing an amortization schedule, what is the mortgage balance at the end of month 120 assuming no prepayment? c) Without constructing an amortization schedule, what is the scheduled principal payment in month 120 payment assuming no prepayment