Question: Create an amortization table in MS-Excel in the format shown below: Scenario: 2 years ago Janice got a $100,000, 15-year mortgage with an annual interest

Create an amortization table in MS-Excel in the format shown below:

Scenario: 2 years ago Janice got a $100,000, 15-year mortgage with an annual interest rate of 6% and monthly payments.

1) What is her monthly payment?

2) How much does she owe today (after 24 payments)?

3) How much will she owe in 3 years (after 60 payments)?

4) How much will she owe in 3 years (after 60 payments) if she makes an extra $200 payment every month starting today?

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