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A mortgage of $750,000 is taken out June 1st 2021 and to be paid back...

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Accounting

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A mortgage of $750,000 is taken out June 1st 2021 and to be paid back in monthly installments with the first payment a month from now. The mortgage is to be amortized over 27 years with rate j2 = 3.25%. (a) (6 points) Construct an amortization table of the first and last two payments (using the retrospective method where appropriate). (b) (4 points) How much interest is paid in 2027

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