Please show how to solve this problem using excel and please show the spreadsheet formulas. Interest-only mortgage with monthly payments and loan amount: $56,000; Term: 15 years; Annual interest rate: 7.5% What is the total payment in the 180th month? What is the outstanding balance at the end of 10 years (120 months)? What is the total interest payment during the entire loan term (180 months)?

Based on the following information, what is the balance of the loan after 5 years? Sale price: $500,000 Loan-to-value ratio: 0.70 Interest rate: 5% Mortgage term: 25 years with monthly payments

For the loan​ amount, interest​ rate, annual​ payment, and loan term shown in the following​ table, calculate the annual interest paid each year over the term of the​ loan, assuming that the payments are made at the end of each year. amount interest rate annual payment term $44,000 9% $13,581.42 4 years The portion of the payment that is applied to interest in year 1-4 is

Please make sure the answers are clear n easy to read. Please do it on white paper. Again make sure the answer is clear.  do it on white paper

Find the annual simple interest rate of a loan, where $800 is borrowed and where $904 is repaid at the end of 14 months.

Make an amortization table to show the first two payments for the mortgage.   Amount of mortgage Annual interest rate Years in mortgage Monthly payment ​$407,550 5.25​% 35 ​$2122.29   Month Monthly payment Interest Principal ​End-of-month principal 1 ​$2122.29 ​$enter your response here ​$enter your response here ​$enter your response here 2 ​$2122.29 ​$enter your response here ​$enter your response here ​$enter your response here

Solve the problem. If​ necessary, use the table of monthly payments below. Round your answer to the nearest cent.   Find the monthly payment needed to amortize principal and interest for the following​ fixed-rate mortgage. Mortgage​ amount: ​$177,000 Term of​ mortgage: 10 years Interest​ rate: 9%

Based on Exhibit 9-9, or using a financial calculator, what would be the monthly mortgage payments for each of the following situations? How do I round time value factor and final answers to 2 decimal places? What relationship exists between the length of the loan and the monthly payment? How does the mortgage rate affect the monthly payment?

I need proper step by step explanation

Find the indicated amounts for the fixed-rate mortgages. Purchase price of home Down Mortgage Interest payment amount Monthly payment Mortgage payment Total paid for mortgage Interest Years rate paid per $1,000 S130,000 | Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. 5.00% 30 The mortgage amount is $ (Round to the nearest dollar as needed.)