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You are considering the purchase of a house priced at $245,000. you are planning to make a down payment of 10% of the purchase price,
You are considering the purchase of a house priced at $245,000. you are planning to make a down payment of 10% of the purchase price, and will finance the rest. NEED EXCEL FORMULA FUNCTIONS !! You are considering the purchase of a house priced at $245,000. You are planning to make a down payment of 10% of the purchase price, and will finance the rest. Your credit union offers you a mortgage with the following terms:15 years fully amortized. monthly payments, 5.6% APR. Construct an amortization schedule for the entire duration of this loan. Be sure to calculate the beginning balance, payment amount, interest portion, principal portion, and ending balance for each of the 180 months of the mortgage's life. (If you haven't learned about absolute references yet, now is the time!) Purchase Price Down Payment % Mortgage Term (years) Interest Rate Initial Loan Amount Monthly Interest Rate Monthly Payment Month number Beginning Balance Monthly Payment Interest Portion Principal Portion Ending Balance
You are considering the purchase of a house priced at $245,000. you are planning to make a down payment of 10% of the purchase price, and will finance the rest. NEED EXCEL FORMULA FUNCTIONS !!
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