LoanCalculator-Homework 2

LoanCalculator-Homework 2 - payment rows should represent...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Purpose: Developer: Term Created or Last Modified User Instructions for Loan Calculator:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Fall 2009 Marilyn Griffin Enter loan specifics in the "Loan Inputs" section of the LoanData worksheet. The interest rate should automatically appear when a credit score is entered. Chapter 3: Designed to have students complete the loan calculator model using Excel formulas and functions. The amortization table may need to be extended for longer loan terms. To extend the table, select the last row of the amortization table and use the fill handle to paste down to subsequent rows. The number of
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: payment rows should represent the number of months required to amortize the loan. Loan Inputs Interest Rate Lookup Terms Customer Name Credit Score Interest Rate 2 Credit Score 650 Disqualified 3 Purchase Price $28,500 500 9.00% 5 Down Payment $4,000 600 6.90% 7 Loan Term (years) 700 4.90% 10 800 1.90% Payment Results Payment: per month Interest Rate: per year Loan Term: years Loan Amount: Payment # Ending Balance Beginning Balance Current Principal Paid Current Interest Paid Total Principal Paid Total Interest Paid...
View Full Document

This note was uploaded on 08/15/2011 for the course ACIS 2504 at Virginia Tech.

Page1 / 3

LoanCalculator-Homework 2 - payment rows should represent...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online