Consider the following amortization schedule: Payment # Payment 1 966.45 2 966.45 3 966.45 With the exception of column one, all amounts are in dollars. Calculate y. Give your answer in dollars to the nearest Interest 750.00 748.92 X Debt Payment 216.45 217.53 y Balance 149, 783.55 149, 566.01 Z
Consider the following amortization schedule: Payment # Payment 1 966.45 2 966.45 3 966.45 With the exception of column one, all amounts are in dollars. Calculate y. Give your answer in dollars to the nearest Interest 750.00 748.92 X Debt Payment 216.45 217.53 y Balance 149, 783.55 149, 566.01 Z
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
Section: Chapter Questions
Problem 1PS
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Pls only do in excel and mention all formuasused , also mention the concept , definitely i likke, also write given information and to find
Transcribed Image Text:Consider the following amortization schedule:
Payment #
Payment
1
966.45
2
966.45
3
966.45
Interest
750.00
748.92
X
Debt Payment
216.45
217.53
y
Balance
149, 783.55
149, 566.01
Z
With the exception of column one, all amounts are in dollars. Calculate y. Give your answer in dollars to the nearest
dollar. Do not include commas or the dollar sign in your answer.
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