Question: 1. Louise Grantham is buying a home for $198,500 with a 20% down payment. She has a 5.75% loan for 25 years. Create an amortization schedule for the first two months of her loan.
2. James Author's monthly principal plus interest payment is $1,565.74 and his annual homeowner's insurance premium is $1,100. His annual real estate taxes total $1,035. Find his PITI payment.