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Kayti Schumann has just moved to Denver and is buying her first condo for $196,000. She is putting 20% down. and will nance the balance

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Kayti Schumann has just moved to Denver and is buying her first condo for $196,000. She is putting 20% down. and will nance the balance with a 25year mortgage loan of 8.7% annual compound interest rate with equal installment payments at the end of each year. int: If you set up the amortization schedule correctly using absolute cell references [55). you should be able to "copy" the row containing Year 1 information down through the remaining years

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