In: Finance
On the second tab build the full amortization table for a 15 year Constant Amortizing Mortgage (CAM) Loan with a 6% interest rate compounded monthly. The initial loan amount should be $7,500,000. in excel
PV = | Loan Amount | |||
r = | rate of interest | |||
n = | no of periods | |||
P = | r (PV) | |||
1 - (1 + r )-n | ||||
P = | (6%/12)*750000 | |||
1 - (1 / (1 + 6%/12)^180)) | ||||
P = | 3750 | |||
0.592517573 | ||||
P = | 6328.93 | |||
Beginning Balance | Interest | Principal | Ending Balance | |
1 | $750,000.00 | $3,750.00 | $2,578.93 | $747,421.07 |
2 | $747,421.07 | $3,737.11 | $2,591.82 | $744,829.25 |
3 | $744,829.25 | $3,724.15 | $2,604.78 | $742,224.47 |
4 | $742,224.47 | $3,711.12 | $2,617.80 | $739,606.67 |
5 | $739,606.67 | $3,698.03 | $2,630.89 | $736,975.78 |
6 | $736,975.78 | $3,684.88 | $2,644.05 | $734,331.73 |
7 | $734,331.73 | $3,671.66 | $2,657.27 | $731,674.46 |
8 | $731,674.46 | $3,658.37 | $2,670.55 | $729,003.91 |
9 | $729,003.91 | $3,645.02 | $2,683.91 | $726,320.00 |
10 | $726,320.00 | $3,631.60 | $2,697.33 | $723,622.67 |
11 | $723,622.67 | $3,618.11 | $2,710.81 | $720,911.86 |
12 | $720,911.86 | $3,604.56 | $2,724.37 | $718,187.49 |
Year #1 End | ||||
13 | $718,187.49 | $3,590.94 | $2,737.99 | $715,449.51 |
14 | $715,449.51 | $3,577.25 | $2,751.68 | $712,697.83 |
15 | $712,697.83 | $3,563.49 | $2,765.44 | $709,932.39 |
16 | $709,932.39 | $3,549.66 | $2,779.26 | $707,153.13 |
17 | $707,153.13 | $3,535.77 | $2,793.16 | $704,359.97 |
18 | $704,359.97 | $3,521.80 | $2,807.13 | $701,552.84 |
19 | $701,552.84 | $3,507.76 | $2,821.16 | $698,731.68 |
20 | $698,731.68 | $3,493.66 | $2,835.27 | $695,896.41 |
21 | $695,896.41 | $3,479.48 | $2,849.44 | $693,046.97 |
22 | $693,046.97 | $3,465.23 | $2,863.69 | $690,183.27 |
23 | $690,183.27 | $3,450.92 | $2,878.01 | $687,305.26 |
24 | $687,305.26 | $3,436.53 | $2,892.40 | $684,412.86 |
Year #2 End | ||||
25 | $684,412.86 | $3,422.06 | $2,906.86 | $681,506.00 |
26 | $681,506.00 | $3,407.53 | $2,921.40 | $678,584.61 |
27 | $678,584.61 | $3,392.92 | $2,936.00 | $675,648.60 |
28 | $675,648.60 | $3,378.24 | $2,950.68 | $672,697.92 |
29 | $672,697.92 | $3,363.49 | $2,965.44 | $669,732.48 |
30 | $669,732.48 | $3,348.66 | $2,980.26 | $666,752.22 |
31 | $666,752.22 | $3,333.76 | $2,995.17 | $663,757.05 |
32 | $663,757.05 | $3,318.79 | $3,010.14 | $660,746.91 |
33 | $660,746.91 | $3,303.73 | $3,025.19 | $657,721.72 |
34 | $657,721.72 | $3,288.61 | $3,040.32 | $654,681.40 |
35 | $654,681.40 | $3,273.41 | $3,055.52 | $651,625.88 |
36 | $651,625.88 | $3,258.13 | $3,070.80 | $648,555.09 |
Year #3 End | ||||
37 | $648,555.09 | $3,242.78 | $3,086.15 | $645,468.94 |
38 | $645,468.94 | $3,227.34 | $3,101.58 | $642,367.36 |
39 | $642,367.36 | $3,211.84 | $3,117.09 | $639,250.27 |
40 | $639,250.27 | $3,196.25 | $3,132.67 | $636,117.59 |
41 | $636,117.59 | $3,180.59 | $3,148.34 | $632,969.25 |
42 | $632,969.25 | $3,164.85 | $3,164.08 | $629,805.17 |
43 | $629,805.17 | $3,149.03 | $3,179.90 | $626,625.27 |
44 | $626,625.27 | $3,133.13 | $3,195.80 | $623,429.47 |
45 | $623,429.47 | $3,117.15 | $3,211.78 | $620,217.69 |
46 | $620,217.69 | $3,101.09 | $3,227.84 | $616,989.86 |
47 | $616,989.86 | $3,084.95 | $3,243.98 | $613,745.88 |
48 | $613,745.88 | $3,068.73 | $3,260.20 | $610,485.68 |
Year #4 End | ||||
49 | $610,485.68 | $3,052.43 | $3,276.50 | $607,209.18 |
50 | $607,209.18 | $3,036.05 | $3,292.88 | $603,916.30 |
51 | $603,916.30 | $3,019.58 | $3,309.34 | $600,606.96 |
52 | $600,606.96 | $3,003.03 | $3,325.89 | $597,281.07 |
53 | $597,281.07 | $2,986.41 | $3,342.52 | $593,938.55 |
54 | $593,938.55 | $2,969.69 | $3,359.23 | $590,579.31 |
55 | $590,579.31 | $2,952.90 | $3,376.03 | $587,203.28 |
56 | $587,203.28 | $2,936.02 | $3,392.91 | $583,810.37 |
57 | $583,810.37 | $2,919.05 | $3,409.87 | $580,400.50 |
58 | $580,400.50 | $2,902.00 | $3,426.92 | $576,973.58 |
59 | $576,973.58 | $2,884.87 | $3,444.06 | $573,529.52 |
60 | $573,529.52 | $2,867.65 | $3,461.28 | $570,068.24 |
Year #5 End | ||||
Due to length issue only this much data can be provided.