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You work for an nationally charter bank and have been asked to project adjustable rate mortgage (ARM) payments over the life of a loan. Below
You work for an nationally charter bank and have been asked to project adjustable rate mortgage (ARM) payments over the life of a loan. Below is the loan's information 15 year loan Use the interest rates calculated in HW #3 . .$2,500,000 Property Value 80% LTV No Points No Fees You must calculate the following in an Excel file, then submit it on Canvas by the due date with "FINC 429-HW #4-Your Name" in the file and e-mail title. 1) OLB (Beginning) for each month. 2) Payment (PMT) for each month. 3) Interest (INT) for each month. 4) Principal (PRIN) for each month 5) OLB (End) for each month. You work for an nationally charter bank and have been asked to project adjustable rate mortgage (ARM) payments over the life of a loan. Below is the loan's information 15 year loan Use the interest rates calculated in HW #3 . .$2,500,000 Property Value 80% LTV No Points No Fees You must calculate the following in an Excel file, then submit it on Canvas by the due date with "FINC 429-HW #4-Your Name" in the file and e-mail title. 1) OLB (Beginning) for each month. 2) Payment (PMT) for each month. 3) Interest (INT) for each month. 4) Principal (PRIN) for each month 5) OLB (End) for each month
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