![]() The mortgage is also subject to different terms according to the bank’s offers and macroeconomic cycle. The borrower is contracted to pay back the lender in a series of payments that contains part of the principal as well as the interests before the maturity date. The contract sets the terms and conditions about the principal amount, interest rate, interest type, payment period, maturity, and collaterals. There are two parties in the mortgage contract: the borrower and the lender. MortgageĪ mortgage is the type of loan used in real estate, vehicles, and other types of property purchasing activities. Proficiency in using Excel formulas can help analysts quickly process the data and build the models more concisely. ![]() Mastery of Excel is an essential skill nowadays in financial analysis and modelling tasks. In this article, Liangyao TANG (ESSEC Business School, Master in Strategy & Management of International Business (MS SMIB), 2021-2022) explains the functions in Excel that are useful to study a mortgage.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |