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1. Int. Rate = 4% Loan Term (years)= 30 Payments per year= 12 Loan Amount= 150,000 A. (Excel) Create an amortization table for loan at

Int. Rate = 4%

Loan Term (years)= 30

Payments per year= 12

Loan Amount= 150,000

A. (Excel) Create an amortization table for loan at $150,000, 30 Year Mortgage, at a fixed rate of 4%

B. What would happen if you paid 500 dollars more a month? (Excel) Include interest on loan saved and number of years reduced

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