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loan amortization schedule, Managerial Finance class question: Construct an amortization schedule for a $300,000 loan with a 3.5% interest rate...

loan amortization schedule, Managerial Finance class question:


 Construct an amortization schedule for a $300,000 loan with a 3.5% interest rate compounded monthly. The loan will be paid back in 15 years making monthly payments. 

Identify the principal and interest payment of each month.

Top Answer

Please find attached the amortization... View the full answer

Forecast Reg.xlsx

Loan
Monthly Rate
Period
Monthly Payment Month 300000
0.0029167
180
$2,144.65 Payment Interest Principal
1 $2,144.65
875 $1,269.65
2 $2,144.65 $871.30 $1,273.35
3 $2,144.65 $867.58 $1,277.06
4...

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Other Answers

The monthly... View the full answer

Computing a Monthly Payment and an Amortization Table.pdf

Construct an amortization schedule for a $300,000 loan with a 3.5% interest rate compounded monthly. The loan wil
Identify the principal and interest payment of each month.
1. Find the monthly...

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