New Office Building Loan Calculator Loan Payment Calculator 9/15/21 Rate 8 Years $ (920,000) 4.45% Scenarios Renovation 20 Years $1,020,000 4.45% 0.37% Date 4.45% Loan Amount Term in Months 1,150,000 Monthly Payment 230,000 Total Interest (920,000) Total Cost Annual Interest Rate Monthly Interest Rate Loan Period in Years Property Price Charles Street 180 4.25% $7,014.45 0.35% 0.37% Down Payment Loan Amount 15 20 8. Loan Period in Months 180 1/3/22 240 96 Start Date 1/3/22 1/3/22 Varying Interest Rates and Terms Number of Months Monthly Payment Future Value (6,000) $ n/a $ (8,000) Rate n/a 120 180 240 3.95% 4.05% 4.15% 4.25% 4.35% 4.45% 4.55% 4.65% 4.75% 4.85% 4.95% 5.05% 5.15%
New Office Building Loan Calculator Loan Payment Calculator 9/15/21 Rate 8 Years $ (920,000) 4.45% Scenarios Renovation 20 Years $1,020,000 4.45% 0.37% Date 4.45% Loan Amount Term in Months 1,150,000 Monthly Payment 230,000 Total Interest (920,000) Total Cost Annual Interest Rate Monthly Interest Rate Loan Period in Years Property Price Charles Street 180 4.25% $7,014.45 0.35% 0.37% Down Payment Loan Amount 15 20 8. Loan Period in Months 180 1/3/22 240 96 Start Date 1/3/22 1/3/22 Varying Interest Rates and Terms Number of Months Monthly Payment Future Value (6,000) $ n/a $ (8,000) Rate n/a 120 180 240 3.95% 4.05% 4.15% 4.25% 4.35% 4.45% 4.55% 4.65% 4.75% 4.85% 4.95% 5.05% 5.15%
Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:Ulric J. Gelinas
Chapter11: The Billing/accounts Receivable/cash
receipts (b/ar/cr) Process
Section: Chapter Questions
Problem 3DQ
Related questions
Question
- In cell D7, enter a formula without using a function that multiples the Monthly_Payment (cell D6) by the Term_in_Months (cell D5) and then subtracts the Loan_Amount (cell B8) from the result to determine the total interest.
- In cell D8, enter a formula without using a function that adds the Price (cell B6) to the Total_Interest (cell D7) to determine the total cost.
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