Question
You bought a house 8 years ago with a $250,000 mortgage. It was a 15 year loan with monthly payments which will pay off the
You bought a house 8 years ago with a $250,000 mortgage. It was a 15 year loan with monthly payments which will pay off the loan when you make the last payment. The interest rate was 6%. What is your monthly payment? Complete the ammortization table to answer the following questions. What is your current loan balance? How much interest will you pay in the upcoming year? Please provide excel functions to solve this.
. Beginning balance of $250,000, I need interest/ principal and ending balance for month 1 to 180
if you can email me the excel it would be great. thank you
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