Question: Using a spread sheet, calculate the annual payments on a loan for $ 1 0 0 , 0 0 0 , 1 0 - year

Using a spread sheet, calculate the annual payments on a loan for $100,000,10-year loan, 5% per year interest. Then build an amortization schedule for this loan.
Develop an amortization for a $100,000 loan, 5% interest, the annual payments will begin at $4,000 and increase by $1,000 per year until the loan is paid. Then answer this question: How many years will it take to pay off this loan?
SHOW ME THE WHOLE WORK ON EXCEL, AND PLEASE SHOW ME THE FUNCTIONS FOR FINDING EACH PART , EACH CELL . DO IT CORRECTLY ASAP PLZ

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Using a spread sheet, calculate the annual payments on a loan for $ 1 0 0 , 0 0 0 , 1 0 - year loan, 5 % per year interest. Then build an amortization schedule for this loan. Develop an amortization...

Q:

Using a spread sheet, calculate the annual payments on a loan for $ 1 0 0 , 0 0 0 , 1 0 - year loan, 5 % per year interest. Then build an amortization schedule for this loan. Develop an amortization...

Q:

I'm having trouble with the instructions for step 9, everytime I try to drag down the values, I get an error message saying #value!, can you tell me what I'm doing wrong, thanks? ADVANCED PROBLEM 4-2...

Q:

questions both need to be answered project 3 data projects 4 data more information!! 4. Using your spread sheet determine how many payments you would need to make in order for your balance to be $0....

Q:

show work please!! I have to insert work for credit ADVANCED PROBLEM 4-2 FOR SPREADSHEET APPLICATION Amortization schedule. Sherry and Sam want to purchase a condo at the coast. They will spend...

Q:

ADVANCED PROBLEM 4-2 FOR SPREADSHEET APPLICATION Amortization schedule. Sherry and Sam want to purchase a condo at the coast. They will spend $650,000 on the condo and are taking out a $650,000 loan...

Q:

Amortization schedule. Sherry and Sam want to purchase a condo at the coast. They will spend $650,000 on the condo and are taking out a $650,000 loan for the condo for twenty years at 7.0% interest....

Q:

i am completely stumped on what to do, can you help me please? this was all i was given maybe thats why im confused In cell E15, by using absolute cell references, calculate the annual payment of the...

Q:

Amortization schedule. Sherry and Sam want to purchase a condo at the coast. They will spend $650,000 on the condo and are taking out a $650,000 loan for the condo for twenty years at 7.0% interest....

Q:

Please post formulas and answers for each cell. ADVANCED PROBLEM 4-2 FOR SPREADSHEET APPLICATION Amortization schedule. Sherry and Sam want to purchase a condo at the coast. They will spend $650,000...

Q:

Sunland's Custom Clothing (SCC) sells branded clothing to resorts and corporations. The company's comparative financia statements are presented below. Current Assets Cash Accounts receivable...

Q:

Determine the freezing point of a solution that contains 78.8 gof naphthalene (C10H8, molar mass = 128.16 g/mol) dissolved in 722mL of benzene (d = 0.877 g/mL). Pure benzene has a melting point...

Q:

It is more useful to compare companies, inventory turnover with its own results from prior. Then with results of other companies, because knowing the result of other companies does not help you...

Q:

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Q:

Understand key international issues concerning: learning, training and talent development; high-performance working systems; worklife balance and diversity and equality.

Q:

1. What do employees who have family with special needs have to consider when accepting an international assignment?

Q:

understand the key issues concerning international assignments