finance - \$11,250.00 \$25,824.71 2 \$124,175.29 \$37,074.71...

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Unit 2 DS Template John borrows \$150,000. The terms of the loan are 7.5% over the next 5 years. It is im Construct a loan amortization schedule that shows the 5 payments of John's loan.  A sample of a Loan Amortization Schedule can be found on page 53 in Table 2.4. (S Payment calculation in Excel - to complete this assignment we must first determine t PV = \$150,000.00 FV = 0 n = 5 nper I = 0.08 rate PMT = ? PMT (\$37,074.71) This is then the ANNUAL payment, it is negative because i Year Beginning Amount Payment Interest Applied to M 1 \$150,000.00 \$37,074.71

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Unformatted text preview: \$11,250.00 \$25,824.71 2 \$124,175.29 \$37,074.71 \$9,313.15 \$27,761.56 3 \$96,413.73 \$37,074.71 \$7,231.03 \$29,843.68 4 \$66,570.05 \$37,074.71 \$4,992.75 \$32,081.96 5 \$34,488.09 \$37,074.71 \$2,586.61 \$34,488.10 important to note that he makes annual rather than monthly payments. Section 2.18 focuses on amortized loans). Submit your assignment to the Dropbox. the payment, using Excel or a financial calculator is is a cash outflow … it is a payment you make ortage Ending Balance due \$124,175.29 \$96,413.73 \$66,570.05 \$34,488.09 (\$0.01)...
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