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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