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Excel assignment Prepare an amortization table for a 30-year mortgage where the homeowner is borrowing $170,000 at...

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Finance

Excel assignment

  • Prepare an amortization table for a 30-year mortgage where thehomeowner is borrowing $170,000 at a 3.75% interest rate. Inaddition to the monthly table, provide a summary table showing theinterest paid, principal paid, and ending balance on a yearlybasis. Create three separate graphs illustrating interest paid overtime, principal paid over time, and ending balance over time forthe 30 annual periods in the summary table.
  • Repeat the analysis, changing the interest rate to 8.75% andcomment (briefly) on the impact of mortgage rates on homeaffordability.

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Due to space restrictions posting the first 10 and last 10paymentsLoan AmountInterest RateTerm in YearsMonthly    See Answer
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