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HSA3170 ModuleSHW Keegan Compatibility Mode Catherine Keeg p Search Layout References Mailings Help Review View 11 x, x A - A A A Aa A

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HSA3170 ModuleSHW Keegan Compatibility Mode Catherine Keeg p Search Layout References Mailings Help Review View 11 x, x A - A A A Aa A E ALT AaBbCcD AaBbccD AaBbC AaBbCcl AaB AaBbCcc 1 Normal 1 No Spac Heading 2 Heading 1 Ttle Subtitle Font Paragraph Styles HSA 3170: Health Care Finance Loan Amortization Using the Loan Amortization Schedule on the excel sheet, respond to the following questions Loan 1: Principal borrowed: $100,000 Total Payments: 30 years (360) Annual interest rate 5%6 Start date of the loan: 1/1/2020 1 What is the monthly payment (Principal and interest)? 2 What is the total interest paid? Total of 360 Payments? 3. At what payment number does the amount going to the actual principle exceed the amourt allocated toward paying interest? 4. Loan 2

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