Complete the loan amortization schedule for a car loan that will be repaid over 60 months answers
Question:
Complete the loan amortization schedule for a car loan that will be repaid over 60 months answers the following questions.
- What is your monthly payment?
- What is the total $ amount of payments made over the life of the loan?
Loan Input Data
Principal Amount $17,000.00
Amount Interest Rate: 7.80%
Periods Per Year 12
Total Number of Payments 60
Mortgage Amortization
Complete the loan amortization schedule for a Mortgage that will be repaid over 360 months and answer the following questions (The details about the loan are shown
- What is your monthly payment
- What is the total $ amount of payments made over the life of the load
- How many months will it take to pay off the loan if you pay an extra $234.24 per month?
NOTE: enter the month when the whole principal is paid off. Also, remember to show the amortization table for the original payment.
Loan Input Data
Principal Amount $410000.00
Annual Interest Rate 7.30%
Periods Per Year 12
Total Number of Payments 360
Percentage Rate per period --
Extra Payment per month $234.24
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill