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explain how to calculate each step using financial calculator how do we calculate loan balance using amort finction by financial calculator Problems - Ballon Mortgage

explain how to calculate each step using financial calculator
how do we calculate loan balance using amort finction by financial calculator image text in transcribed
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Problems - Ballon Mortgage . - - Commercial property worth $10 million LTV is 70%, interest 5% - 25 year - amortization of principle . 10 year - loan maturity Loan? 70% x $10 million = $7m Payment? N=25x12 = 300, i/y = 5/12 =0.42, PV = 7,000,000, FV= 0, CPT PMT = 40,921.30 = = = = 1 How to compute a balloon payment? a 25 years 10 years LB? Using amort function: loan balance 5,174,713.29

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