Excel Questions 13-16. Complete the amortization table provided in the Excel document posted in IvyLearn in the homework area by setting the appropriate values for a $100,000, 30-year mortgage at 6% interest and using Excel's autofill (drag) feature to fill in the cells to the end of the mortgage period. Use this to answer the following: How much of the last payment goes towards the principal? Interest? (round to the hundredths place) Principal: $ Interest: $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Excel Questions 13-16. Complete the amortization table provided in the Excel document posted in IvyLearn in the homework area by
setting the appropriate values for a $100,000, 30-year mortgage at 6% interest and using Excel's autofill (drag) feature to fill in the cells
to the end of the mortgage period. Use this to answer the following:
How much of the last payment goes towards the principal? Interest?
(round to the hundredths place)
Principal: $
Interest: $
Transcribed Image Text:Excel Questions 13-16. Complete the amortization table provided in the Excel document posted in IvyLearn in the homework area by setting the appropriate values for a $100,000, 30-year mortgage at 6% interest and using Excel's autofill (drag) feature to fill in the cells to the end of the mortgage period. Use this to answer the following: How much of the last payment goes towards the principal? Interest? (round to the hundredths place) Principal: $ Interest: $
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