Question: Develop a general-purpose spreadsheet to calculate A out the balance due, principal payment, ~d interest payment for each period of a loan. The user inputs

Develop a general-purpose spreadsheet to calculate A out the balance due, principal payment, ~d interest payment for each period of a loan. The user inputs to the spreadsheet will be the loan amount, the number of payments per year, the number of years payments are made, and the nominal interest rate. Submit printouts of your analysis of a loan in the amount of $15,000 at 8.9% nominal rate for 36 months and for 60 months of payments.

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