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Computer Exercise 1 - th monthly payment and compare this...

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EE 366 Fall ‘09 Computer Exercise #1 Use Excel (or a program of your own choosing) to develop a loan balance table for the following: $120,000 loan 5 years with monthly payments and monthly compounding 6% per year interest Use your table to determine the loan balance right after making the 40
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Unformatted text preview: th monthly payment and compare this value to a hand-calculated loan balance value. Due: Tuesday, September 8 th . Your turn-in should include: A computer generated loan table Your hand calculations to determine the balance after making the 40 th payment...
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