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Amortize a 200,000 loan for 20 years, conventional at 5%. Create an amortization table. Please complete additional principal payment, cumulative interest, and cumulative principal and
Amortize a 200,000 loan for 20 years, conventional at 5%. Create an amortization table. Please complete "additional principal payment", "cumulative interest", and "cumulative principal" and show me the formulas on Excel. ASAP, if possible.
Amortize a 200,000 loan for 20 years, conventional at 5%. Create an amortization table 6 8 Assumptions Loan ann interest years monthly payments Payment 1073.643 Periods v12 200,000 monthly int 0.004167 0.995851 186.2816 annuity (1-vAn)/i 0.05 v 12 13 30 annuity 360 15 16 17 18 19 20 21 Conventional BOY Loan Total Addition Principal EOY Loan Cumulative Cumulative Principal date Balance Payment Principal Payment Interest Balance Interest month 1 Jan-98 2 Feb-98 200,000 1073.643 240.3099 99,760 1073.643 241.3112 3 Mar-98 199,518 1073.643 242.3167 199,276 1073.643 243.3263 199,033 1073.643 244.3402 198,788 1073.643 245.3583 198,543 1073.643 246.3806 198,297 1073.643 247.4072 198,049 1073.643 248.438 197,801 1073.643 249.4732 833.3333 199,760 832.332 199,518 831.3266 199,276 830.3169 199,033 829.3031 198,788 828.285 198,543 827.2627 198,297 826.2361 198,049 825.2052 197,801 824.17 197,551 Apr-98 5 May-98 6 Jun-98 7 Jul-98 8 Aug-98 9 Sep-98 10 Oct-98 23 24 25 26 27 28 29Step by Step Solution
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