Question: Show steps to calculation in excel!!! Question 4 Consider a $ 5 , 0 0 0 , 0 0 0 , 9 % , constant
Show steps to calculation in excel!!!
Question
Consider a $ constant payment mortgage CPM with monthly payments. What is the
regular monthly payment amount and the balloon payment amount in each of the following cases:
a Fullyamortizing, year loan
byear amortization, year balloon
cyear amortization, year balloon
d What is the major disadvantage, and advantage, of the year amortizationrate
year loan in c as compared to the year amortizationrate year loan in b
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