Question: When Jane and Patrick Baker were house hunting five years ago, the fixed rate on a 30- year mortgage was 6% APR (Nominal Interest Rate)

When Jane and Patrick Baker were "house hunting" five years ago, the fixed rate on a 30- year mortgage was 6% APR (Nominal Interest Rate) with monthly compounding. After walking through many homes, they finally reached a consensus and decided to buy a $500,000 home. The couple decided to put 20% down payment and took the 30-year mortgage with monthly payments. b) Construct an amortization schedule in excel for the loan

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