Question: All Information Have Been Provided, Could Anyone Help Me Answer Question Below? Use Template Below To Answer Question Below. Please Included All Formula You Entered

All Information Have Been Provided, Could Anyone Help Me Answer Question Below?

All Information Have Been Provided, Could Anyone Help Me Answer Question Below?

Use Template Below To Answer Question Below. Please Included All Formula You Entered Into Template in Excel. $600,000 30-year fixed-rate, constant-payment mortgage that is partially am oitizing with a balloon payment of $100,000. The contract interest rate is 3.25% with monthly payments. Up-front fees on the loan equal 3.0% and there is no pre-payment penalty. What is the annual percentage rate (APR) for the loan? Template Used In Excel B D E F G H 1 A 1 2 3 EIR Loan Amount Balloon Payment Prepay Penalty Term (Years) Rate 4 5 Points 6 Cash flows 7 Payment Interest Principal End balance 8 Month Beg balance 1 2. 3 4 5 6 9 10 11 12 13 14 15 16 17 18 19 7 8 9 10 11 12 20 13 14 21 22 15 23 16 24 17 18 25 26 27 19 20 28 21

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