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Develop your own spreadsheet for constant payment mortgage that can calculate its effective interest rate to the borrower. I J Before-Tax Prepayment. After-Tax E A

Develop your own spreadsheet for constant payment mortgage that can calculate its effective interest rate to the borrower.image text in transcribed

I J Before-Tax Prepayment. After-Tax E A B C D E F G H 1 Input Output 2 Loan Amount $365,000.00 Periodical Rate 0.002604167 3 Contractual Rate 3.125% Total # of Contractural Payments 4 Payments per Year 12 Total Mortgage Payment Per Period 5 Loan Term (Years) 15

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