Finance question. Please help.?

Question

I re-read the chapters and still can not understand where to start to solve this problem. Please help.

John buys a house for $200,000. The terms of his mortgage are 6% over 30 years. It is important to note that he makes annual rather than monthly payments.

Construct an amortization schedule that shows the 30 payments of John's mortgage.

I don’t want the answer, just help me where to start and what formula(‘s) to follow, because I’m lost. Thanks.

Answer 1

he cannot afford the repayments, he falls behind on them, the bank forecloses on him, he's now living with his mum.