Question: Use the following template to create an amortization table for a 30-year mortgage. Assume the following: * Monthly payments and compounding period * Equal total

Use the following template to create an amortization table for a 30-year mortgage.

Assume the following:

* Monthly payments and compounding period

* Equal total monthly payments

Make your spreadsheet dynamic, such that interest rate and/or loan amount can be easily changed and everything will adjust.

Use conditional formatting to identify the payment at which the loan is 50% paid of

Loan Amount Annual rate Per period rate Loan term (yr) Loan term (mo) Interest Principal End Balance Month Beg. Balance Tot. Pmt 4 7 10 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 28 29 30 31 32 34 Loan Amount Annual rate Per period rate Loan term (yr) Loan term (mo) Interest Principal End Balance Month Beg. Balance Tot. Pmt 4 7 10 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 28 29 30 31 32 34

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