1. Jane purchased her first home for $95,000. She made a down payment of 20% and financed the rest at 8% for 20 years. Find her monthly payment by both the formula method and the table method.
2. For a mortgage loan of $110,000 and a down payment of $20,000 financed at 10% for 25 years, construct the amortization schedule for the first year. Show five columns: payment number, monthly interest portion, monthly principal portion, monthly payment, and the balance.