Question
Use Excel to create an annual summary (5-years) amortization schedule for a fully-amortizing, fixed rate mortgage for $4,000,000 at 5.5% for 30 years, monthly payments,
Use Excel to create an annual summary (5-years) amortization schedule for a fully-amortizing, fixed rate mortgage for $4,000,000 at 5.5% for 30 years, monthly payments, 1 discount point. Please show excel formulas used.
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Principles Of Managerial Finance
Authors: Chad Zutter, Scott Smart
16th Global Edition
1292400641, 978-1292400648
