If the interest rate on a 30 year mortgage is at 4.3% with monthly interest when McCaffreys purchase their $170,000 house, how much will their monthly mortgage payment be? Ignore property taxes and home insurance
Construct an amortization schedule for the 4.3%, 30 year mortgage above, with monthly mortgage payment.
(Please put the inputs for the amount of periods(N), interest (i/y), PV, FV, and PMTs so i can follow along better)