Question: Open Excel and create a 20 year amortization schedule, giving monthly payments for the amount they borrowed at a 4.5% annual interest rate. Title this
Open Excel and create a 20 year amortization schedule, giving monthly payments for the amount they borrowed at a 4.5% annual interest rate. Title this worksheet Amortization. For your answer to this question write "See Excel Workbook". 3. Use the amortization schedule to compute the total amount of interest they will pay to the bank over the 20 years. 4. Deb and Rusty know that buying a house will save them money on taxes because they get to deduct the interest they pay to the bank each year and the property taxes they pay each year. First create a separate worksheet from the amortization schedule. Title this worksheet Analysis. In this worksheet, create a column titled Income starting at $90,000 and increasing at 3% for 20 years. What is their income after 20 years?
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