How to calculate a Loan Amortization - 93561

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  • From: Business, Finance
  • Posted on: Sat 03 Oct, 2015
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Request Description
Loan Amortization lets you estimate your monthly loan repayments. It also determines out how much of your repayments will go towards the principal and how much will go towards interest. Simply input your loan amount, interest rate, loan term and repayment start date
Solution Description

Loan Amortization (50 points total):

A.- On the Loan Amortization Sheet:

  • Enter: Purchase price = 250,000 dollars, Down Payment  =3000 dollars, Credit Rating= 620, Loan Term = 30 years, Application Date =3/01/2013.

B.- Your Information - Formatted (3 points)

  • Customer Name is Your Name
  • Your 3-digit random number in the format of a Social Security Number.  You should o