FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Team, please create an amortization schedule which
shows different dollar amounts you borrow at
different interest rates.
Assumptions are as follows:
Assume a 25, 30, 35 and 40 year loan
Interest rates from 2.5% to 4.5% in 1/4 increments
(2.5% 2.75%, etc)
Borrowing starting at 100,000 to 300,000 in 10,000
dollar increments (100,000, 110,000, etc)
Note: Create and excel table for this exercise. Also
refer to chapter 1 for the formula's if needed
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Transcribed Image Text:Team, please create an amortization schedule which shows different dollar amounts you borrow at different interest rates. Assumptions are as follows: Assume a 25, 30, 35 and 40 year loan Interest rates from 2.5% to 4.5% in 1/4 increments (2.5% 2.75%, etc) Borrowing starting at 100,000 to 300,000 in 10,000 dollar increments (100,000, 110,000, etc) Note: Create and excel table for this exercise. Also refer to chapter 1 for the formula's if needed
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