# BUS140 - You are considering purchasing a house

Question # 00839055 Posted By: wildcraft Updated on: 02/27/2023 09:03 PM Due on: 02/28/2023
Question

Bus 140

You are considering purchasing a house. The loan that you will need will be for \$500,000 and will be paid back with equal monthly payments over 20 years at an annual interest rate of 4.5%. You will complete an amortization table to show the details of the loan payments for the first 2 years of the loan.

Steps to Perform:

1. Open the worksheet Loan and complete the shaded cells with values or formulas, using functions as appropriate. Widen columns as needed.

2. Pay particular attention to the correct use of absolute and relative cell references.

3. Show all values as positive numbers.

4. Check all cells for correct number formatting. All dollar values should be Accounting format with 0 decimal places.

Tutorials for this Question
1. ## Solution: BUS140 - You are considering purchasing a house

Tutorial # 00834516 Posted By: wildcraft Posted on: 02/27/2023 09:03 PM
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