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Make a repayment schedule using MS Excel

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Reference no: EM133015012

Question - A mortgage of $300,000 is to be paid over a 20-year period with 2 payments each year. The interest rate of which is j2 = 6.6% per year relevant for the first five years, the catch being that the rate of interest will be increased by 10% every 5 years for the rest of the loan term. Make a repayment schedule using MS Excel.

Reference no: EM133015012

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