Question: Consider a $ 2 5 , 0 0 0 loan to be repaid in equal installments at the end of each of the next 5

Consider a $25,000 loan to be repaid in equal installments at the end of each of the next 5 years. The interest rate is 10%. Set up an amortization schedule for the loan.
a. What is the annual payment?
b. What is the year 2 principal amount?
c. What is the year 3 interest amount?
d. What is the year 4 end balance?
e. What is the year 5 interest amount? please do in excel

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