Principles of Finance ~ “Amortization”

Principles of Finance ~ “Amortization”

Amortization

F=1-(1+i)^-n / i (R) ~ “Decreasing Annuity Formula”

There is a luxury home listed for $7,500,000.00. Determine a down payment. The preference is 30% downpayment to avoid PMI.
Please provide justification

Identify 2 different financing options for the home.

Use Excel (or other approved spread sheet) to create an amortization schedule for the life of both financing options.

Write an analysis that compares and contrasts the two financing options in detail. Be specific. Include justifications for selecting an option.

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