Question
You are borrowing $200,000 and making payments at the end of each month. For an annual interest rate ranging from 5% through 10% and loan
You are borrowing $200,000 and making payments at the end of each month. For an annual interest rate ranging from 5% through 10% and loan
durations of 10, 15, 20, 25, and 30 years, determine the total interest paid on the loan.
Information Given:
Loan Amount: 200,00
Years: 10
Annual Rate: 0.06%
Please use excel and show formulas used. Thank you.
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
