Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

Loan Amortization Table

Chapter 6 hw.docx

Suppose that you borrowed $20,000 student loans to attend UMD. When you attend the school, you do not need to pay interest on your loan. However, once you graduate, you are required to start paying your loan and interest. The APR for your loan is 6.8%. Each month you will have to make interest payment and principal repayment.

Need assignment help for this question?

If you need assistance with writing your essay, we are ready to help you!

OUR PROCESS

Order

Payment

Writing

Delivery

Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality

1)  If you choose the standard repayment plan, you will have to pay off your loan in 10 years with the same amount of payment each month. Then, how much is your monthly payment? Also, prepare your loan amortization table to calculate how much interest you will pay in total when you pay off your loan.

2)  If you choose the fixed extended repayment plan, you will be allowed to pay off your loan in 25 years with the same amount of payment each month. Then, how much is your monthly payment? Also, prepare your loan amortization table to calculate how much interest you will pay in total when you pay off your loan.

YOU MUST USE EXCEL SPREADSHEET TO SHOW WORK.

“Order a similar paper and get 15% discount on your first order with us
Use the following coupon
“FIRST15”

Order Now