Common Sense Economics | What everyone should know about ...
Loan Amortization Activity. Instructions: Use the Loan Amortization Excel spreadsheet to answer the following questions in the five scenarios. Scenario 1. Imagine that you are a first-time home buyer. Rather than buy a new home, you decide to purchase an existing one. You find a nice home in a good location for $163,125. You have a down payment of 20% (which is $32,625) and you decide on a 30 ... ................
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