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In: Finance

Suppose you are buying a house and have taken out a mortgage for $250,000. The mortgage...

Suppose you are buying a house and have taken out a mortgage for $250,000. The mortgage is a 30 year fixed rate mortgage with an APR of 5.25%. What is your monthly mortgage payment?

Construct a loan amortization table in Excel for mortgage loan in the previous problem. You should do the problem in Excel using monthly payments and you must submit the spreadsheet with formulas.

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Expert Solution

I HAVE PUT ALL FORMULAS, SO THAT YOU CAN DEVELOP WHILE SHEET.

AS WE CAN ATTACH ONLY A SCREENSHOT, IT IS OF NO USE IF I ATTACH WHOLE 360 MONTHS, SO I HAVE ATTACHED TILL 24 MONTHS. I HOPE YOU UNDERSTAND. IF YOU ASK, WILL ATTACH WHOLE 360 MONTHS. THANK YOU

jeff jeffy answered 1 year ago
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