Question: Construct an amortization schedule for the $300,000 loan with a 3.5% interest rate compounded monthly. The loan will be paid back in 15 years making
Construct an amortization schedule for the $300,000 loan with a 3.5% interest rate compounded monthly. The loan will be paid back in 15 years making monthly payments.
Identify the principal and interest payment of each month.
Hint: Please use the excel file of Loan . Also, please make sure you will modify the loan amortization model to 15 years as required.
Construct an amortization schedule for the $300,000 loan with a 3.8% interest rate compounded
monthly. The loan will be paid back in 30 years making monthly payments.
Hint: Now you need to modify the loan amortization model to 30 years as required.
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