2016 | Module 4: SAM Project la elly Cashman Excel 3. riable Create a single var

Question

2016 | Module 4: SAM Project la elly Cashman Excel 3. riable Create a single variable data table to determine the impact that the va interest rates (in the range A12:A22) will have o campground n the total cost of thee cell B11, create a formula without using a function that references cell DS (the monthly payments). In In cell C11, create a formula without using a function that references cell D6 (the total interest paid on the loan). In cell D11, create a formula without using a function that references cel D7 (the total cost of the mortgage). Select the range A11:D26 and create a single-variable data table, using an absolute reference to cell D3 (the mortgage interest rate) as the Column input cell. d. hetn Kaleen identify how each rate in her Variable Interest Rate Schedule

Explanation / Answer

Camp Millowski Mortgage loan payment calculator Date 15-Aug-18 Rate 5.75% Item Campground Term(years) 15 Price $486,000.00 Monthly payments $3,228.63 Down Payment $97,200.00 Total interest $192,354.20 Loan amount $388,800.00 Total cost $678,354.20 Varying interest rate schedule Rate Monthly Payment Total interest Total Cost $3,228.63 $192,354.20 $678,354.20 3.50% 3228.63 192354.2 678354.2 3.75% 3228.63 192354.2 678354.2 4.00% 3228.63 192354.2 678354.2 4.25% 3228.63 192354.2 678354.2 4.50% 3228.63 192354.2 678354.2 4.75% 3228.63 192354.2 678354.2 5.00% 3228.63 192354.2 678354.2 5.25% 3228.63 192354.2 678354.2 5.50% 3228.63 192354.2 678354.2 5.75% 3228.63 192354.2 678354.2 6.00% 3228.63 192354.2 678354.2 6.25% 3228.63 192354.2 678354.2 6.50% 3228.63 192354.2 678354.2 6.75% 3228.63 192354.2 678354.2 7.00% 3228.63 192354.2 678354.2

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