3. A family borrows $185,000 over 10 years at 4.75% annually compounded monthly. Compute their monthly payement and develop an amortization table that shows the split between interest and principal for each payement. Use Excels's IPMT and PPMT functions. Hand in a graph of the interst and principal component of each payement versus time with your short-hand calculations.

3. A family borrows $185,000 over 10 years at 4.75% annually compounded monthly. Compute their monthly payement and develop an amortization table that shows the split between interest and principal for each payement. Use Excels's IPMT and PPMT functions. Hand in a graph of the interst and principal component of each payement versus time with your short-hand calculations.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section3.4: Proving And Ruling A Journal

Problem 2AYU

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