Help with Microsoft Excel 2013 Assignment!!!
Warehouse Purchase
| Warehouse Purchase in Maine | |
| Amount of Loan | $975,000 |
| Period (years) | 10 |
| Interest rate (per year) | 5.25% |
| Payment (per month) | $10,460.94 |
| Option #1 Reduce the Loan | |
| Amount of Loan | $728,802 |
| Period (years) | 10 |
| Interest rate (per year) | 5.50% |
| Payment (per month) | $8,000.00 |
| Option #2 Increase the Years | |
| Amount of Loan | $975,000 |
| Period (years) | 15 |
| Interest rate (per year) | 5.50% |
| Payment (per month) | $8,000.00 |
Warehouse Payment Table
| Loan Options for Warehouse Purchase: Rates versus Month | |||||||
| Amount of Loan | $975,000 | ||||||
| Period (months) | 120 | ||||||
| Interest rate (per year) | 5.25% | ||||||
| Payment Options | |||||||
| Number of Monthly Payments | |||||||
| 60 | 120 | 180 | 240 | 300 | 360 | ||
| Rates | |||||||