Question: Section 2: Loan Amortization 1. Construct an amortization schedule for the $300,000 loan with a 3.5% interest rate compounded monthly. The loan will be paid

Section 2: Loan Amortization 1. Construct an amortization schedule for the $300,000 loan with a 3.5% interest rate compounded monthly. The loan will be paid back in 15 years making monthly payments. Identify the principal and interest payment of each month. Hint: Please use the excel file of "Loan Amortization "posted in Unit 4 "Lecture". Also, please make sure you will "modify the loan amortization model" to 15 years as required

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