Problem $7-4($LG $7-4)$

You plan to purchase a $$280,000$ house using a $15-$year mortgage obtained from your local credit union. The mortgage rate offered to you is $7$ percent. You will make a down payment of $10$ percent of the purchase price.

a$.$ Calculate your monthly payments on this mortgage.

b$.$ Construct the amortization schedule for the first six payments.

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Calculate your monthly payments on this mortgage. $($Do not round intermediate calculations. Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

$\backslash$table$[[$Monthly payment,$2,265\mathrm{.}05$