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We suggest the use of a spreadsheet to create the amortization tables. You take out a 30-year...

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Advance Math

We suggest the use of a spreadsheet to create the amortizationtables.

You take out a 30-year mortgage for $70,000 at 9.65%, to be paidoff monthly. Construct an amortization table showing how much youwill pay in interest each year for the first 15 years and how muchgoes toward paying off the principal. If you sell your house after15 years, how much will you still owe on the mortgage according tothe amortization table? HINT [See Example 8.] (Round your answer tothe nearest cent.)

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UNABLE TO UPLOAD ENTIRE AMORTIZATION SCHEDULE AS ANSWER HASCHARACTER LIMIT OF 65000 CHARSPmtNoPayment DateBeginning BalanceScheduled PaymentExtra PaymentTotal    See Answer
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