Question: Need help creating a loan amortization schedule. Principal is $135,000. Interest Rate is 5.25%. Loan is amortized over 15 years but maturity is in 5
Need help creating a loan amortization schedule. Principal is $135,000. Interest Rate is 5.25%. Loan is amortized over 15 years but maturity is in 5 years. There is a balloon payment.
Then, see what happens when pay extra $50 per month..
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
