a. You pay 3.37% interest rate for a 30-year loan. Create an amortization table with a spreadsheet, which clearly shows the monthly payment and how much you would pay in total interest over the whole loan. monthly payment = $1,325.46 total interest paid = $177,165.05

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Suppose that you borrowed $300,000 to buy a house.
a. You pay 3.37% interest rate for a 30-year loan. Create an
amortization table with a spreadsheet, which clearly shows
the monthly payment and how much you would pay in total
interest over the whole loan.
monthly payment = $ 1,325.46
total interest paid = $ 177,165.05
Transcribed Image Text:Suppose that you borrowed $300,000 to buy a house. a. You pay 3.37% interest rate for a 30-year loan. Create an amortization table with a spreadsheet, which clearly shows the monthly payment and how much you would pay in total interest over the whole loan. monthly payment = $ 1,325.46 total interest paid = $ 177,165.05
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