Question
I am buying a home for $200,000 with a $50,000 down payment. Financed for 30 years at 6% APR. 1. Create a loan amortization schedule
I am buying a home for $200,000 with a $50,000 down payment. Financed for 30 years at 6% APR.
1. Create a loan amortization schedule in Excel for constant payment method with 360 periods. (30*12=360)
2. Rework the loan amortization with an extra $50 in Principal.
3. Create a loan amortization schedule in Excel for constant amortization method.
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
1You must enter the principal loan amount interest rate number of periods 360 and payment amount int...
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Step: 2
Step: 3
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
