Please show how to solve this in excel and please show the spreadsheet and formulas. Suppose that you have the following two loans with monthly payments in the table attached as Choice 1 and Choice 2. Assuming that there is no origination cost with the loans. If Robin pays off the loan in 15 years (180 months), what is the incremental cost of the $10,000 for loan 1 over loan 2?
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Please show how to solve this in excel and please show the spreadsheet and formulas.
Suppose that you have the following two loans with monthly payments in the table attached as Choice 1 and Choice 2. Assuming that there is no origination cost with the loans. If Robin pays off the loan in 15 years
(180 months), what is the incremental cost of the $10,000 for loan 1 over loan 2?
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- Sam would like to use the PMT function in Excel to calculate the monthly payments on a car loan of $35,000 which is to be paid off in full after 3 years. Interest is charged at a rate of 4.43% per year and the payment to the loan is to be made at the end of each month. Which function argument is correct? (Reminder: =PMT(rate, nper, pv, [FV], [type]) =PMT( 4.43%, 36, -35000) =PMT( 4.43%/12, 36, -35000) =PMT( 4.43%/12, 3, -35000) =PMT( 4.43%, 3, -35000)Using the information provided please show all work and formulas in excel ! Suppose that you have two loan choices with monthly payments (a) What is the incremental borrowing cost of $30,000 for loan 1 over loan 2 if you hold the loan for the entire term and there are no origination costs for the two loans? (b) What is the incremental borrowing cost of $30,000 for loan 1 over loan 2 if you hold the loan for only 6 years (72 months) and there are no origination costs for the two loans?Please show me how to solve this in excel using an excel spreadsheet and please show the excel formulas! Thank You! A house price of $100,000 can be financed with two loans below with monthly payments. The total origination cost associated with these two loans in the table attached is $3000. Alternatively, the borrower can borrow one loan in the amount of $90,000 with monthly payments and origination cost of $2,000. What should the interest rate be on the loan of $90,000 so that the borrower will be indifferent between these two choices?
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