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1.What are the monthly payments for a 30 year traditional mortgage? What are the payments for a 20 year traditional mortgage?
1.What are the monthly payments for a 30 year traditional mortgage?What are the payments for a 20 year traditional mortgage?2.Prepare an amortization table for the first six months of the traditional 30 year-mortgage.How much of the first payment goes toward principal?3.How long would it take for S&S Air to pay off the smart loan assuming 30-year traditional mortgage payments? Why is this shorter than the time needed to pay off the traditional mortgage?How much interest would the company save?4.Assume S&S takes out a bullet loan under the terms described.What are the payments on the loans?5.What are the payments on the interest only loans?
