Question: Answer the questions below by using a mathematical formula (write down the formula in the excel file and plug in the values) and also by

Answer the questions below by using a mathematical formula (write down the formula in the excel file and plug in the values) and also by using the Excel function wizard. Upload your excel file.

Suppose you borrow $15,000. The loans annual interest rate is 8%, and it requires four equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Use the following table in Excel.

Don't forget to write down the formula, please. Thank you.

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