The loan is for $150,000 with terms 6%, 30 years. The graduation rate is 7.5% and...

The loan is for $150,000 with terms 6%, 30 years. The graduation rate is 7.5% and occurs 3 times.

Calculate the Monthly Payments and Loan Balances for years 1-4 by designing an Amortization Table:

Expert Solution

Formulas used:-

Installment=PMT(B5,B4,-B3)

jeff jeffy answered 2 years ago

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