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What is the max amortization rate for 9-3 and the payment for 9-4? AIB ILLUSTRATION 9-2: The Maximum Amount You Should Borrow 1/Y = 7.5
What is the max amortization rate for 9-3 and the payment for 9-4?
AIB ILLUSTRATION 9-2: The Maximum Amount You Should Borrow 1/Y = 7.5 7.50% Fill in all green cells N = 20 20 PMT = 10,000 10000 CPT PV = Principal = ($101.944.91 ILLUSTRATION 9-3: The interest rate to negotiate I/Y = 7.5 7.50% 5 N=20 20 PMT = 10,000 PV = 10000 -110000 Max interest rate? = 6.52% Principal Needed = 2 -110000 Max Amortization rate? ILLUSTRATION 9-4: Finding the optial amortization rate Payments if the interest rate is principal amortization What is my payment? = 0.075 250000 30 ($21,167.81) SA AIB ILLUSTRATION 9-2: The Maximum Amount You Should Borrow 1/Y = 7.5 7.50% Fill in all green cells N = 20 20 PMT = 10,000 10000 CPT PV = Principal = ($101.944.91 ILLUSTRATION 9-3: The interest rate to negotiate I/Y = 7.5 7.50% 5 N=20 20 PMT = 10,000 PV = 10000 -110000 Max interest rate? = 6.52% Principal Needed = 2 -110000 Max Amortization rate? ILLUSTRATION 9-4: Finding the optial amortization rate Payments if the interest rate is principal amortization What is my payment? = 0.075 250000 30 ($21,167.81) SA Step by Step Solution
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