You just took a 315000 30-year loan payments at the end of, Ask an Expert

Finance

You just took a $315,000, 30-year loan. Payments at the end of each month are flat (equal in every month) at an annual interest rate of 3.75 percent.

a) Calculate the monthly payment.

b) Provide the appropriate loan table, showing the breakdown in each month between principal repayment and interest.

Excel worksheet.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92752032

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