Question
Create a loan amortization schedule in Excell for a $275,000 mortgage that will be repaid over 20 years with monthly payments. The annual interest rate
Create a loan amortization schedule in Excell for a $275,000 mortgage that will be repaid over 20 years with monthlypayments. The annual interest rate is 5.5 %.
What is your monthly payment? $
What is the total dollar amount of payments made over the life of this loan? $__
What is the total dollar amount of interest paid over the life of this loan? $_
How many months will it take to pay off the loan if you pay an extra $100 per
month? ____
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The Oxford Handbook Of Entrepreneurial Finance
Authors: Douglas Cumming
1st Edition
0195391241, 978-0195391244
