Please show how to solve this in Excel using Excel formulas and please show the spreadsheet so I can understand better. Suppose Cindy borrows $300,000 at 4% for 30 years, monthly payments. The APR on the loan is 4.25%. What amount of points were charged if there was $5,000 origination cost?
Please show how to solve this in Excel using Excel formulas and please show the spreadsheet so I can understand better. Suppose Cindy borrows $300,000 at 4% for 30 years, monthly payments. The APR on the loan is 4.25%. What amount of points were charged if there was $5,000 origination cost?
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 19P
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Please show how to solve this in Excel using Excel formulas and please show the spreadsheet so I can understand better.
Suppose Cindy borrows $300,000 at 4% for 30 years, monthly payments. The APR on the loan is 4.25%. What amount of points were charged if there was $5,000 origination cost?
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