Solution-What are the interest payment and principal payment

What are the interest payment and principal payment

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You borrow a GPM of $120,000 with annual payments and 30-year term. The interest rate is 10%. The payment rises by 2% each year.

-What are the interest payment and principal payment for years 1 to 30?

Please show the calculations in excel.

Reference no: EM132534908

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What are the interest payment and principal payment

Reference no: EM132534908

Reference no: EM132534908

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