1. Which is the approximate month in which your balance finally reached half of the original loan amount? Why is it not simply the halfway point in the length of the load? 2. Calculate the amount you could save in interest by financing over 15 years instead of 30 3. Calculate interest saved if the APR were 1 percentage point lower than the one you used 4. Calculate interest saved if a 20% down payment were made on the home instead of 10%.

PopulatedExcelFiles2 [Compatibility Mode - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Nitro Pro 8 Wrap Text Merge & Center Verdana Paste B 1 u- t ,, $ , % , 8 Conditional Format as Cell Insert Delete Format Sort & Find & ClearFilter Select Clipboard Font Editing D8 House Sale Price Down Payment % APR Loan Years Down Payment $ Loan Amount 203,535.00 narno xtra Principal Months to Pay Years Saved New Interest Interest Saved Total Interest 135227.00 Month Interest Principal Month Interest Principal Extra Principal Balance Student Template Balance Scatterplot +100% 8:08 AM , all 10/4/2018 AZ 01234567890123456789 0 d 666666666 208 6 4 3 1 9 7 6 4 2 1 9 8 6532098 8765422 0 8 5 2 9 5 1 7 2 8 2 7 1 5 8 24 12345678 9 10 1 2 3 4 5 6 7 8 1 2 2 2 2 2 2 2 2 2 2 30 3 3 3 3 3 36 3 3 3 4 4 4