Construct an amortization schedule (monthly) with the followings: House Price: 700,000 Down Payment: 20% of House Price Loan Period: 30 years Interest rate: 5.78% To get full credit, you must use Excel functions with relative cells to change the amortization schedule with variables such as price, interest, and load period. Please submit your Excel spreadsheet. (No other files are accepted)

Construct an amortization schedule (monthly) with the followings: House Price: 700,000 Down Payment: 20% of House Price Loan Period: 30 years Interest rate: 5.78% To get full credit, you must use Excel functions with relative cells to change the amortization schedule with variables such as price, interest, and load period. Please submit your Excel spreadsheet. (No other files are accepted)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Use Goal seek on the loan amount of $825,000. You would like the monthlypayment to be $4500.00. Find a solution for new loan amount, term, and Interestrate. Do not overwrite the Existing data on D3. Hint: Use Cancel when goal seekfinds a solution. Write the solution in the space provided on a spreadsheet.
Alexa takes out a loan of 94,000 at an annual effective discount rate of 6%. The loan is to be repaid with annual payments of 10,000. The first payment is due 4 years after the loan is taken out. Calculate the amount of the drop payment. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answwer.
.Use the TVM solver on the calculator, fill in the information that you typed in the calculator.. What monthly payment is required to amortize a loan of $40,000 over 10 years if interest at the rate of 6% per year is charged on the unpaid balance and interest calculations are made at the end of each month? 2. Work Here (Keyboard only):
Create an amortization table for a $60,000 loan. We will assume payments are made monthly over 6 years at an interest rate of 4%. a.) First use a formula cell in your spreadsheet to calculate the monthly payment amount. b.) Create an amortization table for the 72 months. Your columns of your amortization table should include payment number, payment amount, interest paid each month, principle paid that month, amount paid on principal total, and the amount of principal remaining.
Sam would like to use the PMT function in Excel to calculate the monthly payments on a car loan of $35,000 which is to be paid off in full after 3 years. Interest is charged at a rate of 4.43% per year and the payment to the loan is to be made at the end of each month. Which function argument is correct? (Reminder: =PMT(rate, nper, pv, [FV], [type]) =PMT( 4.43%, 36, -35000) =PMT( 4.43%/12, 36, -35000) =PMT( 4.43%/12, 3, -35000) =PMT( 4.43%, 3, -35000)
In the Excel Payment Function file that follows, you are looking to see what your basic mortgage payment will be if you buy a home for $250,000. It will be a 30-year mortgage. The interest your bank will charge will be 7.5%. In cell C5, use the PMT function to determine what your monthly payment will be. Submit the spreadsheet in Canvas.
A loan of $5,000 with interest at 7.75% compounded annually is amortized by equal payments at the end of each year for five years. 1. Show your financial calculator inputs for the payment calculation. 2. Create a full amortization schedule for the loan. A template is available in the Test folder (underneath the link to our test. You can fill in the Word file template and attach below,
Please show how to solve this in excel and please show the spreadsheet and formulas. Suppose that you have the following two loans with monthly payments in the table attached as Choice 1 and Choice 2. Assuming that there is no origination cost with the loans. If Robin pays off the loan in 15 years(180 months), what is the incremental cost of the $10,000 for loan 1 over loan 2?
Suppose you want to have $600,000 for retirement in 25 years. Your account earns 4% interest. How muc would you need to deposit in the account each month? Submit Question /course/showcalendar.php?cid=179278 Search
Construct the amortization schedule for a $8000 debt that is to be amortized in 6 equal quarterly payments at 2% interest per quarter on the unpaid balance. How much interest must be paid? After you are ready, choose the "Finish attempt" option, and then "Submit all and finish". After this, take a picture or scan your solution and upload it into the e-learning system. You should upload the solution in jpg or pdf format. Please, write legibly. If I can not read your solution, I can not give points either.
Suppose that you need an amount of money which equals to $10000000. It is possible to find it from bank A at an annual interest rate of 18% under 12 equal payment. If the first payment will be 1 month later the day you used the loan. Find the CF (Cash Flow), the equal payments and prepare the amortization table.
Solve the following problems without using any software, do everything in digital format, explain the formulas, substitutions and result 3. A person has available the amount of $ 1,250,000 he wants to use to ensure a fixed monthly income for the next three years. For this purpose, deposit that amount in a revolving bank account every 30 days and a monthly interest rate of 0.8% (9.6% per year). Assuming the interest rate was held constant, what amount should you withdraw each month so that by the end of the three years the amount initially deposited would have been completely used up?

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