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In: Finance

On the second tab build the full amortization table for a 15 year Constant Amortizing Mortgage...

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

Solutions

Expert Solution

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.


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