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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