You have a loan of 600,000, Rate is 3%. and it is a Twenty year loan...

You have a loan of 600,000,

Rate is 3%.

and it is a Twenty year loan

questions.

a.what is the your constant cash flow?

b.what is the interest payment in year 12?

C.what is the amortization of the loan in year 13?

Expert Solution

a. constant cash flow = 40,335

b. Interest in year 12 = 9038.13

c. Loan amortization for year 13 = 32,235

Detailed calculations in attached images.

jeff jeffy answered 3 years ago

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