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a) You have the opportunity to make a $250,000 loan to a property that will...

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Finance

a) You have the opportunity to make a $250,000 loan to a property that will pay you a fixed amount monthly for 25 years. Each payment will consist of interest and principal repayment. At the end of the 25-year period, the principal balance is zero. Your required rate of return is 8%. What are the monthly payments? Pmt = $1,929.54 b) In the problem 1.a) above, how much of the twenty-third months payment is IN EXCEL

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