Question
Complete in Excel: Create an amortization schedule to answer the following questions for a $750,000 15-year PLAM(Price Level Adjusted Mortgage) loan that is fully-amortizing. The
Complete in Excel:
Create an amortization schedule to answer the following questions for a $750,000 15-year PLAM(Price Level Adjusted Mortgage) loan that is fully-amortizing. The contract interest rate is 3.50% with monthly payments. The inflation rate is 7% for the first 5 years, 6% for years 6 to 10, and 5% for the final 5 years.
Please show formulas, thx!
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Essentials Of Real Estate Finance
Authors: David Sirota
11th Edition
1419520911, 9781419520914
