Question: a ) How long will it take Mr . Smithto pay off the loan for each plan? Use spreadsheet to show to him. Offer the

a) How long will it take Mr. Smithto pay off the loan for each plan? Use spreadsheet to show to him. Offer the detailed formula on your debate report. (C3.7)(10p)
b) If a customer choose to repay $1700 monthly for the first three years, and repay $2000 monthly after three years. How does your mortgage plan match the customer's repay plan? If the customer inquiries about plan change, (change from plan A to plan B after 3 years or change from plan B to plan A after 3 years), How would this affect his payment rate and annuity? Use TVM solver on graphing calculator or online tools to solve these problem. (C 3.6)(8p)
c) Compare the bonus invest plan offered by each bank. Determine the future value of each plan. Use spreadsheet to solve this problem. Show the detailed formula. (C3.5)(7p)
 a) How long will it take Mr. Smithto pay off the

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