Question: Calculation question 2 . IN EXCEL Suppose you take out a $ 2 2 5 , 0 0 0 . 0 0 loan to purchase

Calculation question 2. IN EXCEL
Suppose you take out a $225,000.00 loan to purchase a tractor. It is a 5 year fixed rate level annual
payment loan with an annual interest rate of 7.0%.
a.(5) Develop a complete amortization table for this loan showing the total payment each year, andthen broken down into Principle and Interest for each year, and the remaining balance after each payment is made

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