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Use the TV primer formula to find the PV of the remaining payments using excel formulas please 5. What is the payment in month 336
Use the TV primer formula to find the PV of the remaining payments
using excel formulas please
5. What is the payment in month 336 on a 30-year loan for $925,000 at 4.85% that requires interest only payments for the first eight years and fully amortizing payments for the remaining years of the loan? $ Answer Loan Amount Periods Per Year Interest Rate Payment in First Five Years Total Amortization Years 925,000.00 300 0.404% 5. What is the payment in month 336 on a 30-year loan for $925,000 at 4.85% that requires interest only payments for the first eight years and fully amortizing payments for the remaining years of the loan? $ Answer Loan Amount Periods Per Year Interest Rate Payment in First Five Years Total Amortization Years 925,000.00 300 0.404%Step by Step Solution
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