Question: the chart goes to 72! please include all excel formulas. F D 3. Calculate the lender's yield on a constant amortization mortgage loan for $950,000
F D 3. Calculate the lender's yield on a constant amortization mortgage loan for $950,000 with monthly payments over 15 years at 6% interest with 1.75 points assuming the borrower prepays the loan at the end of year 6. Using IRR Function Yield to Lender Loan Amount Animal Interest Rate Discount Points Maturity (in years) Periods per year Prepayment Month Monthly Amortization Balance at EOY6 $950,000.00 6,00% 1.75% 15 12 72 $8,01664 $667,73339 Month Payment CAM Loan Amortization Schedule Interest Principal Balance Cash Flows 0 1 2 3
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