Question: I need excel solution. I have my own solution, but I want to know if there is other ways or if my solution is correct.

I need excel solution. I have my own solution, but I want to know if there is other ways or if my solution is correct. If you can use excel function, that would be good as well.

1. A $100,000 loan with level payments made at the end of each year for 30-years. Assume an annual effective interest rate on the loan of 5% and that the loan is repaid with the amortization method.

2. A $100,000 loan with level payments made at the end of each year for 30-years. Assume an annual effective interest rate on the loan of 5% and that the loan is repaid with the sinking fund method. Assume the sinking fund earns an annual effective rate of 5%.

3. A $100,000 loan with level payments made at the end of each year for 30-years. Assume an annual effective interest rate on the loan of 5% and that the loan is repaid with the sinking fund method. Assume the sinking fund earns an annual effective rate of 10%.

the shedules requires to have followings:

a) Amortization method
Period Payment Amount Interest Paid Principal Paid Outstanding Loan Balance
B and C.
Period Interest Paid Sinking Fund Deposit Total payment Sinking Fund Balance Net Loan Amount

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