Mortgage Assignment;

You will use the excel template on Moodle to calculate a mortgage. The mortgage amount will be $225,000, nominal interest rate of 4.5%, term of 5 years and a 25 year amortization. Complete the spreadsheet and answer the following questions. What is the monthly payment, after 5 years how much is owing, and after 5 years how much interest was paid? Upload your written analysis and your excel spreadsheet (individually) ..

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