I NEED THIS ON EXCCEL SPREADSHEET WITH THE NUMBER SIR. THE NAME EXCEL PAPER CAN BE HOME WORK
Unfortunately, due to rapidly rising housing prices
during the decade prior to 2006, many home buyers needed increasingly larger
loans to make their real property purchases. For example, a $200,000 fixed-rate
mortgage loan would result in a much higher monthly payment compared to a
$100,000 loan. Rework the above financial calculator spread sheet solutions
using a PV of – 200000. The resulting doubling of the monthly payment to
$1,199.10 means that fewer potential home buyers could qualify for these larger
loans.
P6
FV = PV * (1+r)^n;
a)5000
= PV * (1+0.05)^10; 5000 = PV * (1.05)^10; PV = 5000/((1.05)^10); PV =
$3,069.57
b)5000
= PV * (1+0.07)^7; 5000 = PV * (1.07)^7; PV = 5000/((1.07)^7); PV = $3,113.75
c)5000
= PV * (1+0.09)^4; 5000 = PV * (1.09)^7; PV = 5000/((1.09)^4); PV = $3,542.13
P9
FV = PV * (1+r*n);
FV = 5000 * (1+0.1*5); FV = 5000 *
1.5; FV = $7,500
P10
PV = FV/((1+r)^n)
PV = 3000/((1+0.04)^1); PV =
3000/1.04; PV = $2,884.62
PV =
3000/((1+0.04)^2); PV = 3000/1.04; PV = $2.773.67
P11
PV = FV/((1+r)^n)
PV = 3000 *
P12
Monthly payments = $11122.22; annual
payment = $133,466.64
P13
Monthly payments = $380.44; annual
payments = $4,565.28
P15
a)85*8
+ 1000 = $1,680; PV = 1680/((1+0.085)^8); PV = $874.72
b)PV
= 1680/((1+0.1)^8) = $783.73
c)PV
= 1680/((1+0.08)^8) = $907.65
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