Question
you are required to prepare a loan repayment schedule of a loan with an interest-only period of the first NPER1 months. During the first NPER1
you are required to prepare a loan repayment schedule of a loan with an interest-only period of the first NPER1 months. During the first NPER1 months, only the interest amount (IO) is paid at the end of each month. After the first NPER1 months, an equal month-end repayment including principal and interest (P&I repayments) is made at the end of each month for NPER2 months until the end of the loan term.
NPER1 Number of months with interest only repayments : 36
Number of years, n, with Principal & Interest (P&I) repayments : 25
NPER2 Number of months, n*m, with Principal & Interest (P&I) repayments : 300
Interest rate, jm, p.a (compounding monthly) : 8%
Interet rate per month (i=jm/m) : 8%/12 Loan amount : $936,814
Q1: find the Fixed monthly repayment (P&I) after the interest only periold expires with excel code
Q2: find the Balance at the beginning of month, Interest paid, Principal paid, Balance at the end of month with excel code, please provide the first 3 months code
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