Question: please help for the excel assignment Complete the amortization schedule below given the variable values provided. Sales price: 23,480.00 Down Payment %: 12.0% To finance:
please help for the excel assignment
| Complete the amortization schedule below given the variable values provided. |
| Sales price: | 23,480.00 | ||||
| Down Payment %: | 12.0% | ||||
| To finance: | (loan amount) | ||||
| m: | 12 | ||||
| n (Years): | 3 | periods | |||
| r (APR): | 5.2% | periodic rate | |||
| Monthly payment: | |||||
| Period | Beginning Balance | payment | Interest | Principal Reduction | Ending Balance |
| 1 | |||||
| 2 | |||||
| 3 | |||||
...30 period
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
