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For questions #7-8: Using a spreadsheet, create an amortization table for a 15 year mortgage loan, with a starting balance of $263,500, and 5.16% interest
For questions #7-8: Using a spreadsheet, create an amortization table for a 15 year mortgage loan, with a starting balance of $263,500, and 5.16% interest rate, and monthly payments of $2,105.77. Question #7: What should the last payment be in order to bring the ending balance down to exactly $0.00 ? Your Answer: Answer Question 8 (1 point) For questions #7-8: Using a spreadsheet, create an amortization table for a 15 year mortgage loan, with a starting balance of $263,500, and 5.16% interest rate, and monthly payments of $2,105.77. Question #8: If I pay an extra $250 per month, in what month will my loan be paid off (that is, what is the first month where the balance is zero or less.) Your
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