MORTGAGE

A B C D
1 Amount Borrowed   100000  
2 Starting interest   0.055  
3        
4 Monthly Payment      
5 Various Interest Rates below 30 years 15 years Difference
6 =C2 =PMT(A6/12,30*12,-$C$1) =PMT(A6/12,15*12,-$C$1) =C6-B6
7 =A6+0.01 =PMT(A7/12,30*12,-$C$1) =PMT(A7/12,15*12,-$C$1) =C7-B7
8 =A7+0.01 =PMT(A8/12,30*12,-$C$1) =PMT(A8/12,15*12,-$C$1) =C8-B8
9 =A8+0.01 =PMT(A9/12,30*12,-$C$1) =PMT(A9/12,15*12,-$C$1) =C9-B9
10 =A9+0.01 =PMT(A10/12,30*12,-$C$1) =PMT(A10/12,15*12,-$C$1) =C10-B10
11 =A10+0.01 =PMT(A11/12,30*12,-$C$1) =PMT(A11/12,15*12,-$C$1) =C11-B11
12        
13 FINANCIAL CONSULTANT:   (your name goes here)  
14 (1) Enter the data above      
15 (2) Use Fill Handle for A8-A11      
16 (3)Change C2 to 5%, undo      
17 (4) B6:=PMT(A6/12,30*12,-$C$1)      
18 (5) B7:B11, Fill Handle      
19 (6)Pointing&Dragging: D6:D11      
20 (7) Do Line 13      
21 (8) Save, Page Setup and Print