User Account

All Pages

Create an amortization table in excel for a new car loan

Assignment Help Finance Basics
Reference no: EM13835515

Objective: The assignment will help you to understand how changes in loan terms and payments will affect the total amount you pay.

1. Create an amortization table in Excel for a new car loan for 30,000 for six years at 5%. Determine the total amount of interest you will pay on this loan.

2. Copy the table from Step 1, make an extra principal payment of $2,000 on the first day of year two. How does this change the total interest you will pay on this loan?

3. Create an amortization table in Excel for a new car loan for 30,000 for three years at 5%. Determine the total amount of interest you will pay on this loan.

4. Copy the table from Step 3, change the interest rate to 2%. How does this change the total interest that you will pay on the loan?

5. What is the total amount you will pay for the car (principal and interest) in each of the steps 1,2,3 and 4.

Reference no: EM13835515

Questions Cloud

Optimal amount of consumption and leisure : Problem 1: Shelly's preferences for consumption and leisure can be expressed asU(C, L) = (C - 200) * (L - 80). There are 168 hours in the week availableto split between work and leisure. Shelly earns $5 per hour after taxes. She alsoreceives $320 ..
Conduct research on popular simulation modeling : Use the internet to conduct research on popular simulation modeling software applications. Find two applications to compare by examining the costs, features, and training requirements.
Start a thread on stereotypes : want to start a thread on stereotypes. We run across this barrier in all types of communication. I have included a link to one of my favorite clips on stereotypes.
Organisational change scenario analysis : Develop a set of HRM recommendations for a fictitious, scenario organisation that will be assigned by the Faculty Member that contains the three primary assessment elements.
Create an amortization table in excel for a new car loan : The assignment will help you to understand how changes in loan terms and payments will affect the total amount you pay.1. Create an amortization table in Excel for a new car loan for 30,000 for six years at 5%. Determine the total amount of interes..
Motivational interviewing role-play annotated script : Motivational Interviewing Role-Play Annotated Script
Analysis of all identified issues and problems : Identifies and Understands the Main Issues or Problems - Clearly identifies and understands the main issues or problems, Analyzes and Evaluates the Problems/Issues - Provides a thorough analysis of all identified issues and problems
Provide an explanation for shape : (a) Sketch the following curves and provide an explanation for their shape
Tools for evaluating and adapting the plan : The summary needs to explain how the following will used in your team's marketing plan: The company's historical resident trends and current strategic plan and Tools for evaluating and adapting the plan

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the bonds price today if the interest rate on

the altoona co. issued a 25-year bond 5 years agowith a face value of 1000. the bond pays interest semiannually at a

  The first bank of ellicott city has issued perpetual

the first bank of ellicott city has issued perpetual preferred stock with a 100 par value. the bank pays a quarterly

  Yield curve strategies

Yield Curve Strategies

  Show the pre-tax earnings, taxes paid and earnings after tax

Suppose you want to compare the earnings from two different legal forms for a company, Corporate and Proprietor. Your pre-tax income is $500,000 in both. However there is a difference in the taxes you pay.

  Computation of ebit

Computation of EBIT - mathermatically, EPS indifference point,  graphically and Calculate the EBIT-EPS indifference point and Compute the EBIT-EPS indifference point

  Crypton electronics has a capital structure consisting of

crypton electronics has a capital structure consisting of 36 common stock and 64 debt. a debt issue of 1000 par value

  Write a proposal of no more than 750 words outlining the

write a proposal of no more than 750 words outlining the research approach you will use for your strategic plan due in

  How many new retail outlets would be necessary to break

A final suggestion is a make a 10% across-the-board price reduction. By how much would dollar sales have to increase to maintain Alliance's current contribution.

  What is the maximum price

If Valorous has an equity cost of capital of 8%, what is the maximum price that a prudent investor would be willing to pay for a share of Valorous stock today?

  Describe the merits and demerits of maintaining multiple

question 1 general motors exports cars to spain but the strong dollar against the euro hurts sales of gm cars in spain.

  What is the present value of bbb financial distress costs

If the price of BB's stock rises to $10.80 per share following the announcement, then what is the present value of BBB's financial distress costs?

  Growth rate in earnings and dividends

Management was undecided on what to do with the income. Acme paid an annual dividend of $.25 per share last year and the stock price is currently $14.50. Acme has a 6% growth rate in earnings and dividends, and is in the 40% tax bracket.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd