Borrow 150,000, 30 years, at 9% I have these numbers, not sure if correct: Borrow 150,000...

Borrow 150,000, 30 years, at 9%

I have these numbers, not sure if correct:

Borrow	150,000	mnthly interest	0.0075
years	30	months	360
interest	0.09	pmt	$1,206.93
future sum	187,691

I'm stuck on Sinking Fund factor. I have tried to do this but he wants it done on excel. Can someone please help put me on the right path.

Expert Solution

Rahul Sunny answered 8 months ago

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Borrow 150,000, 30 years, at 9% I have these numbers, not sure if correct: Borrow 150,000...

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