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Vanna has just financed the purchase of a home for $200 000.?
She agreed to repay the loan by making equal monthly blended payments of $3000 each at 4%/a, compounded monthly
How long will it take to repay the loan
How much will be the final payment
Determine how much interest she will pay for her loan
Use Microsoft Excel to graph the amortization of the loan (Hint: Graph outstanding principal vs. month
How much sooner would the loan be paid if she made a 15% down payment
How much would Vanna have saved if she had obtained a loan 3%/a, compounded monthly