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How to answer the following question using excel: You want to buy a house whose price is $100,000. You have enough savings to make 20%
How to answer the following question using excel:
| You want to buy a house whose price is $100,000. You have enough savings to make 20% down payment. Your bank offers you a 20-year loan for the remaining amount at 8% p.a. Construct a loan amortization schedule for 8 years for the loan. The loan will be repaid in monthly installments. Also answer the following : |
| Down Payment |
| Loan Amount |
| Loan Balance at the end of year 5 |
| Loan Balance at the end of year 8 |
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Technical Analysis Of The Financial Markets
Authors: John J. Murphy
1st Edition
0735200661, 978-0735200661
