You just took out a 10-year commercial real estate loan for your business. The loan amount...

You just took out a 10-year commercial real estate loan for your business. The loan amount is $250,000 and the interest rate is 3.5%. How many periods (months) will it take you to pay off $100,000 of the principal of the loan? Round your answer to the closest whole number.

PLEASE SHOW WORK

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jeff jeffy answered 1 year ago

You just took out a 10 year commercial real estate loan for your business. The loan...

You just took out a 10 year commercial real estate loan for your business. The loan amount is $250,000 and the interest rate is 3.5%. How many periods (months) will it take you to pay off $100,000 of the principal loan? Round your answer to the closest whole number. PLEASE answer in excel with appropriate excel formulas

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