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Liam plans to print the Scenarios section of the Loan Calculator Prepare for printing as follows: Set the entire row that contains the headings as the print titles for the worksheet. Set the area that contains the headings and data as the print area.

Liam plans to print the Scenarios section of the Loan Calculator Prepare for printing as follows: Set the entire row that contains the headings as the print titles for the worksheet. Set the area that contains the headings and data as the print area.

Essentials Of Investments
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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  1. Liam has three other options for purchasing the Charles Street property. In the first scenario, he could borrow additional money to fund a renovation of the building. He wants to determine the monthly payment for the renovation.

    Use the monthly interest rate, the loan period in months, and the loan amount to calculate the monthly payment for the renovation scenario.
  2. In the second scenario, Liam could pay back the loan in 20 years instead of 15 and reduce his monthly payments to $6,000 with an annual interest rate of 4.5%. He wants to know the loan amount he should request with those conditions.

    Use the monthly interest rate, the loan period in months, and the monthly payment to calculate the loan amount for the 20-year scenario.
  3. In the third scenario, Liam could pay back the loan for eight years with a monthly payment of $8,000 and then renegotiate better terms. He wants to know the amount remaining on the loan after eight years, or the future value of the loan.

    Use the monthly interest rate, the loan period in months, the monthly payment, and the loan amount to calculate the future value of the loan for the eight-year scenario.
  4. Liam plans to print the Scenarios section of the Loan Calculator Prepare for printing as follows:
    1. Set the entire row that contains the headings as the print titles for the worksheet.
    2. Set the area that contains the headings and data as the print area.
Paste File G10 Clipboard N 14 15 7 Down Payment 8 Loan Amount 10 11 12 $ 13 16 17 18 19 20 21 22 23 24 25 26 Home Insert Page Layout Formulas A 1 New Office Building 2 Loan Calculator 3 4 Date 5 Property 6 Price 27 28 29 30 ◄ ▶ Rate Trebuchet MS 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% B I U I 7,014 $ $ Ş $ $ $ Ş $ $ Charles Street $ $ $ $ $ Font B $ S ***** Varying Interest Rates and Terms 11 A Loan Payment Calculator 2024-09-15 Rate 120 A^ A Term in Months 1,150,000 Monthly Payment 230,000 Total Interest 920,000 Total Cost V 9,292.71 S 9,336.43 S 9,380.28 $ 9,424.25 S 9,468.35 S 9,512.58 $ 9,556.92 $ 9,601.40 $ 9,645.99 Ş 9,690.71 $ 9,735.56 Ş 9,780.53 $ 9,825.62 $ Number of Months 180 Review View Help ab Wrap Text =====Merge & Center ||||||| Data D 6,782.10 $ 6,828.20 $ 6,874.49 $ 6,920.96 $ 6,967.62 $ 7,014.45 $ 7,061.47 $ 7,108.67 $ 7,156.05 S 7,203.62 $ 7,251.36 $ 7,299.29 $ 7,347.39 $ 4.45% 180 S 7,014.45 $ 342,601.29 $ 1,492,601.29 240 5,550.81 5,599.29 5,648.00 5,696.96 5,746.15 5,795.57 5,845.23 5,895.13 5,945.26 5,995.62 6,046.21 6,097.03 6,148.09 Alignment E F Scenarios Loan Amount Annual Interest Rate Monthly Interest Rate Loan Period in Years Loan Period in Months Start Date Monthly Payment Future Value Documentation Loan Calculator Properties Equipment Loan + N Custom $ % 9.00 -0.00 G Renovation $ 1,020,000 4.45% 0.37% 15 180 2025-01-03 n/a Number H 20 Years 4.25% 0.35% 20 240 $ 2025-01-03 $ (6,000) $ n/a N | Conditional Format as Cell Formatting Table Styles Styles 8 Years 920,000 4.45% 0.37% 8 96 2025-01-03 (8,000) ⠀ K L Insert Delete Format M Cells N 0 P AYO Sort & Find & Filter ✓ Select Editing Q R Share S ▶
Transcribed Image Text:Paste File G10 Clipboard N 14 15 7 Down Payment 8 Loan Amount 10 11 12 $ 13 16 17 18 19 20 21 22 23 24 25 26 Home Insert Page Layout Formulas A 1 New Office Building 2 Loan Calculator 3 4 Date 5 Property 6 Price 27 28 29 30 ◄ ▶ Rate Trebuchet MS 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% B I U I 7,014 $ $ Ş $ $ $ Ş $ $ Charles Street $ $ $ $ $ Font B $ S ***** Varying Interest Rates and Terms 11 A Loan Payment Calculator 2024-09-15 Rate 120 A^ A Term in Months 1,150,000 Monthly Payment 230,000 Total Interest 920,000 Total Cost V 9,292.71 S 9,336.43 S 9,380.28 $ 9,424.25 S 9,468.35 S 9,512.58 $ 9,556.92 $ 9,601.40 $ 9,645.99 Ş 9,690.71 $ 9,735.56 Ş 9,780.53 $ 9,825.62 $ Number of Months 180 Review View Help ab Wrap Text =====Merge & Center ||||||| Data D 6,782.10 $ 6,828.20 $ 6,874.49 $ 6,920.96 $ 6,967.62 $ 7,014.45 $ 7,061.47 $ 7,108.67 $ 7,156.05 S 7,203.62 $ 7,251.36 $ 7,299.29 $ 7,347.39 $ 4.45% 180 S 7,014.45 $ 342,601.29 $ 1,492,601.29 240 5,550.81 5,599.29 5,648.00 5,696.96 5,746.15 5,795.57 5,845.23 5,895.13 5,945.26 5,995.62 6,046.21 6,097.03 6,148.09 Alignment E F Scenarios Loan Amount Annual Interest Rate Monthly Interest Rate Loan Period in Years Loan Period in Months Start Date Monthly Payment Future Value Documentation Loan Calculator Properties Equipment Loan + N Custom $ % 9.00 -0.00 G Renovation $ 1,020,000 4.45% 0.37% 15 180 2025-01-03 n/a Number H 20 Years 4.25% 0.35% 20 240 $ 2025-01-03 $ (6,000) $ n/a N | Conditional Format as Cell Formatting Table Styles Styles 8 Years 920,000 4.45% 0.37% 8 96 2025-01-03 (8,000) ⠀ K L Insert Delete Format M Cells N 0 P AYO Sort & Find & Filter ✓ Select Editing Q R Share S ▶
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