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B c D E F G H $ $ 400,000.00 Original Loan 4.50% APR Interest Rate 30 Term in Years HARDCODE ANSWERS How many months
B c D E F G H $ $ 400,000.00 Original Loan 4.50% APR Interest Rate 30 Term in Years HARDCODE ANSWERS How many months does it take to pay off the loan? Please Review Month Outstanding Principal USE ONLY FORMULAS IN THIS CHART Interest Principal Total Payment Additional Principal 1 What is the total payments paid over the loan? 2 3 Please Review 4 What is the total interest paid over the loan? Please Review 5 6 7 How many months does it take to pay off the loan, paying an additional $1,000 of principal per month Please Review What is the total interest paid over the loan when paying an additional $1,000 of principal per month? Please Review 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46
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