Dr Nick

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$14/per page/Negotiable

About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 3 Days Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 17 Jul 2017 My Price 15.00

Assignment length should be adequate to cover the topic

 

 NO PLAG. PAPER HAS TO BE TURNED INTO TURNITIN

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.

Assignment requirements:

Any calculations must be turned in via Excel

Format and presentation of information should be easy to follow and will be considered in final grade

Use class tools and concepts to support statements and assumptions.

Assignment length should be adequate to cover the topic. 

Answers

Dr Nick
(4)
Status NEW Posted 17 Jul 2017 11:07 AM My Price 15.00

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