Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The goal of this project is to create a worksheet that through inputs and a series of formulas, be a basis of an expandable tool,

The goal of this project is to create a worksheet that through inputs and a series of formulas, be a basis of an expandable tool, that you can use to create project an amortization schedule. The spreadsheet should be able to do various calculations using automated formulas.

Fully amortizing, partially amortizing (balloon), partial interest only or Interest only (bullet). there should be no balance or payment of interest past the term or error messages Yield with or with out closing costs. Interest Only periods. should be fully formula driven Able to change loan amount, amortization period, term length, interest rate. Go crazy and include these calculations for 5% extra credit for each item - do one do them all. calculate date of each payment calculate the sum of interest and principal for calendar or loan year Actual vs 360 payments. Average life Duration

Please make your own data by choosing your own numerical values.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Adventure Capitalist The Ultimate Road Trip

Authors: Jim Rogers

1st Edition

0375509127, 978-0375509124

More Books

Students also viewed these Finance questions