Question: could you please make sure the excel formulas are shown in the answer too, thank you! 3. What is the monthly payment on a loan

could you please make sure the excel formulas are shown in the answer too, thank you!

3. What is the monthly payment on a loan for which the accrual rate equals the pay rate if the loan amount is $800,000, the term is 30 years, and the interest rate is 6.4%? (Use the 26 syntax described on Page 11 of the Module 4 reading assignment.) Answer 28 Loan Amount Years Periods Per Year 31 Interest Rate 4. What is the amount of the required balloon payment at maturity for the loan in the previous

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