Question: Hello, please help me complete this data table for question 2! Create a data table using a what-if-analysis showing how mortgage payment amount change with

 Hello, please help me complete this data table for question 2!

Hello, please help me complete this data table for question 2!

Create a data table using a what-if-analysis showing how mortgage payment amount change with interest rates (1%-30%) and loan term (1yr-10yr).

Mortgage Information 4 Loan amount $300,000 5 Loan term 30 years 6 Interest rate 6.00% given no other information, assume APR 7 Payments made 50 8 9 Q1: Please use Excel mortgage functions to find the answer of the following questions: 10 Mortgage payment amount: 11 $1,798.65 (3 points) 12 Interest amount of last payment: 13 $1,417.32 (3 points) 14 Cumulative interest paid: 15 $73,015.41 (3 points) 16 Cumulative Principal paid: 1 17 $16,917.17 (3 points) 18 19 Q2: Data Table (8 points) 20 Create a data table (What-if Analysis) showing how Mortgage payment amount change with interest rate (1% - 30%) and loan term(1 yr - 10 21 1 2 3 5 6 7 8 9 10 22 1% 23 2% 24 3% 25 4% 26 5% 27 6% 28 7% 29 8% 30 9% 31 10% 32 11% 33 12% 34 13% 35 14% 36 15% 37 16% 38 17% 39 18% 40 19% 41 42 21% 43 22% 44 23% 45 24% 46 25% 47 26% 48 27% 49 28% 50 29% 51 30% 52 20% Mortgage Information 4 Loan amount $300,000 5 Loan term 30 years 6 Interest rate 6.00% given no other information, assume APR 7 Payments made 50 8 9 Q1: Please use Excel mortgage functions to find the answer of the following questions: 10 Mortgage payment amount: 11 $1,798.65 (3 points) 12 Interest amount of last payment: 13 $1,417.32 (3 points) 14 Cumulative interest paid: 15 $73,015.41 (3 points) 16 Cumulative Principal paid: 1 17 $16,917.17 (3 points) 18 19 Q2: Data Table (8 points) 20 Create a data table (What-if Analysis) showing how Mortgage payment amount change with interest rate (1% - 30%) and loan term(1 yr - 10 21 1 2 3 5 6 7 8 9 10 22 1% 23 2% 24 3% 25 4% 26 5% 27 6% 28 7% 29 8% 30 9% 31 10% 32 11% 33 12% 34 13% 35 14% 36 15% 37 16% 38 17% 39 18% 40 19% 41 42 21% 43 22% 44 23% 45 24% 46 25% 47 26% 48 27% 49 28% 50 29% 51 30% 52 20%

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