Question: Build a amortization table for the loan below add extra payment to pay off early by no more the 6 months (the loan payment must
Build a amortization table for the loan below add extra payment to pay off early by no more the 6 months (the loan payment must last 4.5 years even with early payoff) . Show the money saved.
$35,000 loan, 5 years, 5.9% interest, monthly payments with no balloon.
Create an annuity solution to find the payment in Excel (that's the N I/Y PV PMT FV) and then do the amortization table for it.
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