Question: 2) Please calculate the following using Microsoft Excel and include cell formulas. Investor #2 offers you the $300,000, paying interest at the rate of 8%
2) Please calculate the following using Microsoft Excel and include cell formulas. Investor #2 offers you the $300,000, paying interest at the rate of 8% per year for 4 years and then a final payment of interest and principal at the end of the 5th year.
| Pay interest at the rate of 8% per year for 4 years and then a final payment of interest and principal at the end of the 5th year; | ||||||||
| Amount | $300,000 | |||||||
| Period (years) | 5 | |||||||
| Interes rate | 8% | |||||||
| Answer | ||||||||
| Annual Interest Payment- | ||||||||
| Year 5 Payment - | ||||||||
| Total Payment- | ||||||||
| Interest Paid- | ||||||||
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