need help with excel finance sheet as i do not understand how to apply excel functions, i will need the exact functions for each cell please. i have figured the interest rate per month 0.75% as it is 9% over 12? NPER2 is not given.
In this part of the assignment, you are required to prepare a loan repayment schedule of a loan with an interest-only period of the first NPER, months. During the first NPER, months, only the interest amount (10) is paid at the end of each month. After the first NPFRmonths, an equal month-end repayment including principal and interest (P&I repayments) is made at the end of each month for NPER2 months until the end of the loan term. The total loan term is NPER,+NPER2 months. Complete the table below showing the variables you need for the loan repayment schedule NPER, Number of months with interest only repayments 19 Number of years, n, with Principal & Interest (P&I) repayments NPER, Number of months, n*m, with Principal & Interest (P&I) repayments Interest rate, jm, p.a (compounding monthly) 9.00% Interet rate per month (i=jm/m) 0.75% Loan amount $841,892 Fixed monthly repayment (P&I) after the interest only perlold expires Answer must be positive (greater than o) DO NOT Round any amounts in the Amortisation Schedule. Use format commands to display as currency. Loan Amortisation Schedule Month Balance at the beginning of month Interest paid Principal paid Balance at the end of month In this part of the assignment, you are required to prepare a loan repayment schedule of a loan with an interest-only period of the first NPER, months. During the first NPER, months, only the interest amount (10) is paid at the end of each month. After the first NPFRmonths, an equal month-end repayment including principal and interest (P&I repayments) is made at the end of each month for NPER2 months until the end of the loan term. The total loan term is NPER,+NPER2 months. Complete the table below showing the variables you need for the loan repayment schedule NPER, Number of months with interest only repayments 19 Number of years, n, with Principal & Interest (P&I) repayments NPER, Number of months, n*m, with Principal & Interest (P&I) repayments Interest rate, jm, p.a (compounding monthly) 9.00% Interet rate per month (i=jm/m) 0.75% Loan amount $841,892 Fixed monthly repayment (P&I) after the interest only perlold expires Answer must be positive (greater than o) DO NOT Round any amounts in the Amortisation Schedule. Use format commands to display as currency. Loan Amortisation Schedule Month Balance at the beginning of month Interest paid Principal paid Balance at the end of month
