Question: Excel Online Structured Activity: Amortization schedule The data on aloan has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform


Excel Online Structured Activity: Amortization schedule The data on aloan has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required anolysis to answer the question: belawi Open spreadsheet a. Complete an amortization schedule for a $37,000 loan to be repaid in equal installments at the end of each of the next three yeark. The interest rate is 6\% compounded annually, Round all answers to the nearest cent. b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal piaces. b. Calculating \% of Payment Representing interest and Princlpal for Each Year Fommulas b. Calculating % of Payment Representing Interest and Princlpal for Each Year
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