Question: Loan Amortization Homework Home $ 5 0 0 , 0 0 0 with $ 1 2 0 , 0 0 0 down payment. Financed for

Loan Amortization Homework
Home $500,000 with $120,000 down payment. Financed for 30 years at 6% APR.
Monthly payments
1. Create a loan amortization schedule in Excel for constant payment method.
2. Rework the loan amortization with an extra $50 in Principal.
3. Create a loan amortization schedule in Excel for constant amortization method.
4. Using first months amount under constant amortization method, how long to pay the loan off?

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