10. What is the payment in month 234 on a 30-year loan for $725,000 at 4.85% that...
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10. What is the payment in month 234 on a 30-year loan for $725,000 at 4.85% that requires payments of $0 for the first five years and fully amortizing payments for the remaining years of the loan? (On Excel) Loan Amount: | ||||
Years: | ||||
Periods Per Year: | ||||
Interest Rate: | ||||
Balance at EOM 60: | ||||
Total Amortization Years: | ||||
What is the balloon payment due at maturity for a 10-year loan for $225,000 at 5.85% if the negotiated payment amount each month is $100 less than the payment would be if the loan were fully amortizing? Loan Amount: | ||||
Years: | ||||
Periods Per Year: | ||||
Interest Rate: | ||||
Fully Amortizing Payment: | ||||
Negotiated Payment Shortfall: | ||||
Negotiated Monthly Payment: |
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
Posted Date: