1. Loan Amount 2. monthly payment on a 30 year loan (use pmt) 3. total interest paid over the life of 30 year loan

Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter15: Investments And Fair Value Accounting
Section: Chapter Questions
Problem 15.2CP
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practice. need to double check work. use table to find 1. Loan Amount 2. monthly payment on a 30 year loan (use pmt) 3. total interest paid over the life of 30 year loan
• A A
Currency
Arial
v 12
Conditional Formatting
KA Inser
IU V
A v
2 Format as Table v
X Delet
Cell Styles v
Form
rd
Font
Alignment
Number
Styles
Cel:
fx
B
E
TABLE 2
House Price
$398,000
Down payment
15%
15-year loan interest rate
monthly periods in 15-year loan
30-year loan interest rate
monthly periods in 30-year loan
3.90%
180
4.55%
360
TABLE 3
Good to go
四
Transcribed Image Text:• A A Currency Arial v 12 Conditional Formatting KA Inser IU V A v 2 Format as Table v X Delet Cell Styles v Form rd Font Alignment Number Styles Cel: fx B E TABLE 2 House Price $398,000 Down payment 15% 15-year loan interest rate monthly periods in 15-year loan 30-year loan interest rate monthly periods in 30-year loan 3.90% 180 4.55% 360 TABLE 3 Good to go 四
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