Question: Please use excel functions 6. What is the payment in month 234 on a 30-year loan for $925,000 at 4.85% that requires no payments during

Please use excel functions 6. What is the payment in month 234 Please use excel functions

6. What is the payment in month 234 on a 30-year loan for $925,000 at 4.85% that requires no payments during the first five years and fully amortizing payments for the remaining years of the loan? Answer Loan Amount Years Periods Per Year Interest Rate Balance at EOM 60 Total Amortization Years 7 What is the balloon nayment du at maturity for a 10-year loan for $325 000 at 5 9507 if

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