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Calculate a monthly amortization table

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Reference no: EM133152656

Tom went for house hunting and found a builder that has a house for sale for $300,000. The builder has their own financial institution that offers a 30 year loan with $1073.69 monthly payment.

Down Payment= $60,000

Loan Amount = $240,000

Your task is to 1. use Goal seek to find out the APR for the lender, 2. calculate a monthly Amortization Table for this loan.

Upload your Excel File here.

Reference no: EM133152656

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