Question: please show all formuals and work !!! 2. Assume that the amortization is 25 years instead of 30 years fagain interest only for the first
2. Assume that the amortization is 25 years instead of 30 years fagain interest only for the first three years) a. What would the ADS be in the Iirst year? b. What would the ADS be in year 5 ? e. What woald the balance of the loan be at maturity? d. How mueh more principal would be paid usirg a 25 year amortization versus 30 year anthortixation? 2. Assume that the amortization is 25 years instead of 30 years fagain interest only for the first three years) a. What would the ADS be in the Iirst year? b. What would the ADS be in year 5 ? e. What woald the balance of the loan be at maturity? d. How mueh more principal would be paid usirg a 25 year amortization versus 30 year anthortixation
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
