Question: Please solve in excel and show excel formula 4 2 5 5 2a 7 3 2b A monthly amortizing, $ 100,000 fixed-rate loan amortizes fully

Please solve in excel and show excel formula

Please solve in excel and show excel formula 4 2 5 5

4 2 5 5 2a 7 3 2b A monthly amortizing, $ 100,000 fixed-rate loan amortizes fully in 30 years and has a contract rate of 6%. Total initial friction costs equal $ 6,000 What is the monthly payment? PMT 1 The loan is pre-paid after 4 years. What is the loan balance? 2 1 2 2c 3 4 What is the EBC, if no pre-payment penalties are applied? EBC 2

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