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business calc A loan of $250,000 is amortized over 30 years with payments at the end of each month and an interest rate of 8.1%,

business calc
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A loan of $250,000 is amortized over 30 years with payments at the end of each month and an interest rate of 8.1%, compounded monthly Use Excel to create an amortization table showing for each of the 100 payments, the beginning balance, the interest owed, the principal, the payment amount and the ending balance Answer the following rounding to the nearest penny a) Find the amount of each payments b) Find the total amount of interest paid during the first 15 payments Find the total amount of interest paid over the life of the loans d) Find the total et al payments made over 30 years, Suppose that payment number is skipped and the interest owed for at det to the balance payment the resume as usual for the remainder of the 30 years. e) Find the balance swing at the end of month 5.5 1) Find the balance remaining after the 20th payments A loan of $250,000 in amortized over 30 years with payments at the end of each month and an interest rate of 8.14. compounded monthly Literol to create an amortization table showing, for each of the 200 payments, the beginning balance, the interest owed the principal the payment amount, and the ending balance. Answer the following rounding to the nearest per s) Find the amount of each wymant $ b) Find the total amount of interest paid during the first 15 payments.

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