Question: QUESTION 10 PLEASE USE EXCEL FORMULAS 9. What is the interest paid in month 14 on the loan in the previous question? $150,000 Answer ($694.44)
QUESTION 10
PLEASE USE EXCEL FORMULAS
9. What is the interest paid in month 14 on the loan in the previous question? $150,000 Answer ($694.44) Loan Amount Years Periods Per Year Payment Month at Issue Here Interest Rate Constant Amortization Amount 5.85% ($694) mount 10. What is the balance at EOM 34 of the loan in the previous question? Answer Loan Amount Years Periods Per Year Payment Month at Issue Here Interest Rate Constant Amortization Amount 9. What is the interest paid in month 14 on the loan in the previous question? $150,000 Answer ($694.44) Loan Amount Years Periods Per Year Payment Month at Issue Here Interest Rate Constant Amortization Amount 5.85% ($694) mount 10. What is the balance at EOM 34 of the loan in the previous question? Answer Loan Amount Years Periods Per Year Payment Month at Issue Here Interest Rate Constant Amortization Amount
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
