Excel chapter 7 finance

profileJallison
Excel7Finance.xlsx

Loan

Input Area Calculations Cumulative Summary
House Cost $ 300,000.00 Loan Amount $ 255,000.00 Year 1 Interest
Down Pmt $ 45,000.00 Monthly Pmt $ 2,016.52 Total Interest
APR 5.00% Half Payment $ 1,008.26 Year 1 Principal
Years 15 Periodic Rate 0.42% Interest>½Pmt
Pmts Per Year 12 No. of Pmts 180
Payment Number Beginning Balance Monthly Payment Interest Paid Principal Repayment Ending Balance
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

Investment

Input Area
APR 8% Deposit per Period $ 125.00
No. of Years 4 Start of 1st Period 2/15/21
No. of Pmts per Year 12 Payoff Year
Period Start Date Beginning Value Interest Earned End-of-Period Invest Ending Value
2/15/21 $ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
Final Value:

Values should be the same.