Calulate the following for a $1,000,000 loan with a 30 year amortization schedule, 5.25% interest: payment?...

 

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Calulate the following for a $1,000,000 loan with a 30 year amortization schedule, 5.25% interest: payment? the balance at the end of the 10th year? interest and principal paid in the nineth year? (hint principal is the difference in balance at the end of 10 versus end of 9) total interest and principal paid during the term? (hint: think of retum of and return on investment and how much total payment was made) what would be the difference in interest and principal paid during the term versus a loan with 20 year amortization? Calulate the following for a $1,000,000 loan with a 30 year amortization schedule, 5.25% interest: payment? the balance at the end of the 10th year? interest and principal paid in the nineth year? (hint principal is the difference in balance at the end of 10 versus end of 9) total interest and principal paid during the term? (hint: think of retum of and return on investment and how much total payment was made) what would be the difference in interest and principal paid during the term versus a loan with 20 year amortization?

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SOLUTION Using the provided information we can calculate the following for a 1000000 loan with a 30year amortization schedule and a 525 interest rate Payment The formula for calculating the monthly pa... View the full answer