A- 1 construct a loan amortization schedule for a 15-year, Ask an Expert

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A- 1. Construct a loan amortization schedule for a 15-year, 7.45% loan of $25,000,000. The loan requires equal, end-of-year payments, and interest is compounded monthly.

- What is the total amount of interest paid over the life of the loan?

2. Re-construct this amortization schedule assuming that interest is compounded annually.

- What total amount of interest is paid over the life of the loan?

165,000 - What is the difference between those total interest amounts?

3. Assume that in sections 1 and 2 above, there is a balloon payment requirement after 10 years.

-What is the balloon payment in section 1?

-What is the balloon payment in Section 2?

-What is the difference between these amounts?

B.- 1. Construct a loan amortization schedule for a $5,000,000, 3-year loan, made at 7.85% quoted annual rate. Interest is compounded daily, and the loan requires equal end-of-period monthly payments.

- What is the total amount of interest paid on this loan?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92762266

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