Question: post answer with excel formulas please 1 Q1 CON You are borrowing $875,000 to purchase a home. The mortgage will have a 6.8% Interest rate

post answer with excel formulas please

1 Q1 CON You are borrowing $875,000 to purchase a home. The mortgage will have a 6.8% Interest rate and will last for 25 years with monthly payments. How much principal and interest will you pay in the first 12 years? Principal Interest 2 3 4. 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1 How much interest will you pay over the next 6 and a half years? Interest If you pay the loan off2 and a half years early, how much will you have to pay? Early Payoff O 000

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