Modify the spreadsheet in Sidebar 16-2 to calculate the total interest paid over the life of the
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Modify the spreadsheet in Sidebar 16-2 to calculate the total interest paid over the life of the loan. Test your spreadsheet by entering the data from Example 16-9 and Problems 11 and 12. Compare your spreadsheet’s solution to the answer to these problems. Hint: You need to add the balloon payment to Eq.(16-8).
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Annual Interest Rate 900 Monthly Interest Rate 075 ...View the full answer
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ISBN: 978-0135017111
2nd Edition
Authors: Steven j. Peterson
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