Question: Excel Exercise #2 Instructions: Please create a monthly loan amortization schedule based on the provided assumptions below. Utilize any resources available to you, as necessary.

Excel Exercise #2 Instructions: Please create a monthly loan amortization schedule

Excel Exercise #2 Instructions: Please create a monthly loan amortization schedule based on the provided assumptions below. Utilize any resources available to you, as necessary. Once you have created the monthly loan amortization schedule, please answer the following questions: 1) What is the annual debt service for this loan (interest+amortization)? 2) What is the outstanding loan balance at the end of 10 years? 3) What is the outstanding loan balance at the end of 30 years? Assumptions: Loan Amount Payments per year Interest Rate Amortization (years) 10,000,000 12 (i.e. monthly) 5.00% 30

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