Question: i also need to make the amortization table that shows beginning balance, payment amount, interest paid, principle paid, and ending balance for all 360 payments

 i also need to make the amortization table that shows beginning
i also need to make the amortization table that shows beginning balance, payment amount, interest paid, principle paid, and ending balance for all 360 payments

4 D E 2 Complete the loan amortization schedule for a Mortgage that will be repaid over 360 months 3 4 1. What is your monthly payment? 5 2. What is the total $ amount of payments made over the life of the loan 6 3. How many months will it take to pay off the loan if you pay an extra $383.71 per month? 7 Note: Enter the month when the whole principal is paid off. Also, remember to show tl Payment Beginning Balance 8 No. 9 Loan Input Data Amount 1 10 Principal Amount $820,000.00 2 1 Annual Interest Rate 5.40% 3 2 Periods Per Year 12 4 3 Total Number of Payments 360 5 4 Percentage Rate Per Period 4 5 Extra Payment per month $383.71 5

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!