Question: Please help using excel. Question 1. - 20pts A fully amortizing mortgage loan is made for $200,000 at 6 percent interest for 30 years. Payments

 Please help using excel. Question 1. - 20pts A fully amortizingmortgage loan is made for $200,000 at 6 percent interest for 30years. Payments are to be made monthly. (Ignore origination fee and otherfees). Construct fully amortizing mortgage loan table including beginning balance, payment, interest,principal, and ending balance below. (Please check your ending balance by using

Please help using excel.

PV function in Excel} - Bpts b. C. d. f. After 5years, investor decide to refinance the current mortgage. The current 30 yearmortage interest rate decrease to 5%. The cost of refinance is 4%of the remianing balance. Compare the total payment, interest and principal paymentbetween Interest and principal payments during month 1. - 2pts Total Principal

Question 1. - 20pts A fully amortizing mortgage loan is made for $200,000 at 6 percent interest for 30 years. Payments are to be made monthly. (Ignore origination fee and other fees). Construct fully amortizing mortgage loan table including beginning balance, payment, interest, principal, and ending balance below. (Please check your ending balance by using PV function in Excel} - Bpts b. C. d. f. After 5 years, investor decide to refinance the current mortgage. The current 30 year mortage interest rate decrease to 5%. The cost of refinance is 4% of the remianing balance. Compare the total payment, interest and principal payment between Interest and principal payments during month 1. - 2pts Total Principal and total interest paid over 30 years. - 2pts Total What is the ending mortgage balace at the end of year 5. - 2pts Balance at year s Total interest and total principal payments over 15 years. - 2pts Total $ 57,902.31 $ 157,935.88 original loan and the refinance. - 4pts TotaIPavment Original Loan $ 431,676.38 5 23,167,638.00 $ 71.94636 Renancetanvearsl Principal PMT $ 200,000.00 Principal PMT m S 200,000-00 Period Beginning Balance Payment Interest Principal Payment Ending Balance PV(Formula) 0 200,000.00 1 $ 200,000.00 $1, 199.10 $ 1,000.00 $199.10 199,800.90 $199,800.90 N 199,800.90 $1, 199.10 $ 999.00 $200.10 $ 199,600.80 $199,600.80 3 199,600.80 $1,199.10 998.00 $201.10 $ 199,399.71 $199,399.71 4 199,399.71 $1,199.10 997.00 199,197.60 $199,197.60 5 199,197.60 $1,199.10 995.99 $203.11 198,994.49 $198,994.49 6 198,994.49 $1,199.10 994.97 198,790.36 $198,790.36 7 198,790.36 $1,199.10 993.95 $205.15 198,585.21 $198,585.21 8 $ 198,585.21 $1,199.10 992.93 $206.17 198,379.04 $198,379.04 9 $ 198,379.04 $1,199.10 91.90 198,171.83 $198,171.83 198,171.83 $1,199.10 990.86 $208.24 $ 197,963.59 $197,963.59 197,963.59 $1,199.10 S 989.82 $209.28 197,754.31 $197,754.31 197,754.31 $1,199.10 $ 988.77 $210.33 197,543.98 $197,543.98 13 197,543.98 $1,199.10 987.72 197,332.60 $197,332.60 14 $ 197,332.60 $1,199.10 986.66 $212.44 197,120.16 $197,120.16 197,120.16 $1,199.10 985.60 196,906.66 $196,906.66 16 196,906.66 $1,199.10 984.53 $214.57 196,692.09 $196,692.09 17 $ 196,692.09 $1,199.10 $ 983.46 $215.64 $ 196,476.45 $196,476.45 18 $ 196,476.45 $1,199.10 982.38 $216.72 196,259.73 $196,259.73 196,259.73 $1,199.10 981.30 $217.80 196,041.93 $196,041.93 196,041.93 $1,199.10 980.21 $218.89 195,823.04 $195,823.04 195,823.04 $1,199.10 979.12 $219.99 195,603.05 $195,603.05 22 $ 195,603.05 $1,199.10 $ 978.02 $221.09 195,381.96 $195,381.96 23 195,381.96 $1,199.10 976.91 $222.19 195,159.77 $195,159.77 24 195,159.77 $1,199.10 975.80 194,936.47 $194,936.47 194,936.47 $1,199.10 974.68 $224.42 194,712.05 $194,712.05 26 $ 194,712.05 $1,199.10 $ 973.56 $225.54 194,486.51 $194,486.51 27 $ 194,486.51 $1,199.10 972.43 $226.67 194,259.84 $194,259.84 28 $ 194,259.84 $1,199.10 971.30 $227.80 194,032.04 $194,032.04 29 194,032.04 $1,199.10 $ 970.16 $228.94 193,803.10 $193,803.10 193,803.10 $1,199.10 969.02 $230.09 193,573.01 $193,573.01 31 $ 193,573.01 $1,199.10 $ 967.87 $231.24 193,341.78 $193,341.78 193,341.78 $1,199.10 966.71 $232.39 193,109.39 $193,109.39 33 193,109.39 $1,199.10 965.55 $233.55 192,875.83 $192,875.83 34 $ 192,875.83 $1,199.10 964.38 $234.72 192,641.11 $192,641.11 35 192,641.11 $1,199.10 963.21 $235.90 192,405.22 $192,405.22 36 $ 192,405.22 $1,199.10 $ 962.03 $237.07 192,168.14 $192,168.14 192,168.14 $1,199.10 960.84 $238.26 191,929.88 $191,929.88 38 5 191,929.88 $1,199.10 959.65 $239.45 191,690.43 $191,690.43 191,690.43 $1,199.10 $ 958.45 $240.65 191,449.78 $191,449.78 40 $ 191,449.78 $1,199.10 $ 957.25 $241.85 191,207.93 $191,207.93 41 $ 191,207.93 $1,199.10 $ 956.04 $243.06 190,964.87 $190,964.87

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