Question: information The example loan conditions are (enter these values underLoan Terms): Loan amount borrowed (principal or PV) $100,000 Loan interest (rate) is 7.5% The loan

information

The example loan conditions are (enter these values underLoan Terms):

Loan amount borrowed (principal or PV) $100,000

Loan interest (rate) is 7.5%

The loan term (number of payments) is 9 years

question 1

borrowed
monthly interest rate
terms in months
monthly loan payment

question 2

What is the monthly payment? (should be the same as monthly loan payment)

How much total interest will you pay when paid in full according to the loan terms?

How much principal will you pay when paid in full?

How much will the house cost in total (principal + interest) when paid in full?

Calculate the interest payment for period 12 using the excel IPMT function

Calculate the principal payment for period 12 using the excel PPMT function

How much money would you save in interest if the interest rate was 3.25%, instead of 5.05%?

and what is the excel function of interest function,principal payment, loan balance?

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