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Assuming a 30-year loan with an APR of 3.75% and monthly compounding and payment, please complete in Excel an amortization schedule and answer/supplement the following.
Assuming a 30-year loan with an APR of 3.75% and monthly compounding and payment, please complete in Excel an amortization schedule and answer/supplement the following. Post your saved Excel file to Blackboard by 11:00 Friday 6/5. What is the purchase price of your new home in the Nashville area? Please show a picture and list price. Please copy/paste picture and list price on your Excel worksheet. If you were to finance 80% of the price (assuming VA/FHA qualifications), how much would your loan be? What would be your annuitized monthly PMT (again assuming monthly compounding)? (1.5 points) . How much total interest and principal would you pay over the 1st 24 payments (2 . years)...of the loan representing 80% of the purchase price? Please print a copy of the amortization schedule showing the 1st 24 periods only. (4 Points) If you were to pay an extra $300 per month in principal toward the loan (ending balance), what would your full amortization schedule show? Please again (on a separate Excel worksheet within the same file) run the schedule with this adjustment (again assuming you are financing 80% of the purchase price). (2 Points) Assuming a 30-year loan with an APR of 3.75% and monthly compounding and payment, please complete in Excel an amortization schedule and answer/supplement the following. Post your saved Excel file to Blackboard by 11:00 Friday 6/5. What is the purchase price of your new home in the Nashville area? Please show a picture and list price. Please copy/paste picture and list price on your Excel worksheet. If you were to finance 80% of the price (assuming VA/FHA qualifications), how much would your loan be? What would be your annuitized monthly PMT (again assuming monthly compounding)? (1.5 points) . How much total interest and principal would you pay over the 1st 24 payments (2 . years)...of the loan representing 80% of the purchase price? Please print a copy of the amortization schedule showing the 1st 24 periods only. (4 Points) If you were to pay an extra $300 per month in principal toward the loan (ending balance), what would your full amortization schedule show? Please again (on a separate Excel worksheet within the same file) run the schedule with this adjustment (again assuming you are financing 80% of the purchase price). (2 Points)
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