Please explain how to do this in Excel. Please explain how you did it and what the results mean. You plan to buy a house in December 2023. The sale price is $650,000. You need to pay 20% down payments and borrow the additional 80% from Bank of America with a 30-year, 7.2% fixed-rate mortgage loan. You need to pay an equal MONTHLY payment starting from January 1, 2024, for a total of 30 years. (1) Calculate your expected monthly mortgage payment. (2) Develop the full amortization table for your mortgage loan. (3)   When you prepare your 2024 tax filing, what is the total mortgage interest payment that you can consider for the tax deduction?

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