Question: Hello, Need some help with this, I would like to do this in Excel and if you could please show the work, Thank you very

Hello, Need some help with this, I would like to do this in Excel and if you could please show the work, Thank you very much!!

You have just signed a contract to purchase your first home. Your purchase price is $300,000 and you plan to put 20% down. Calculate your monthly principal and interest payments for the life of the loan for:

a 15-year mortgage at 2.875%

a 30-year mortgage at 3.25%

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