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Working from the top down, enter data needed from the text question. Calculate a solution for each cell back-lighted in yellow. Build your formulas in
Working from the top down, enter data needed from the text question. Calculate a solution for each cell back-lighted in yellow. Build your formulas in calculation cells by referencing cells above that in turn reference numbers directly from the text problem. ---I'm basically just looking for the formulas for the Amortization Table.
A B F G H 1 E f Partitioning Return of Principal and Interest for an Amortized Loan 1 w N 4 How many monthly payments remain to be paid on an 3.40% mortgage with 30 year amortization and monthly payments of $532.18 when the balance reaches approximately one-half of its initial $120,000.00 amount? ch 6 7 Payments remaining when remaining balance is $60,000.00 136.01916 8 9 Interest paid over the life of the loan= $71,583.8927 10 11 Amortization Schedule Month-End Monthly Interest Due Payment 12 Ammortization of Loan 13 14 15 16 17 18 Payment Remaining Number Principal 1 2 3 4 5 6 7 8 9 10 11 12 13 14 19 20 21 22 23 24 25 26Step by Step Solution
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