Question: I completed the amortization formula and need help with the Present Value formula, Thank You! 'Use the PV (Present Value) function to determine the outstanding

I completed the amortization formula and need help with the Present Value formula, Thank You!

'Use the PV (Present Value) function to determine the outstanding loan balance in Year 5. Use the amortization schedule below to check your work.

I completed the amortization formula and need help with the Present Value

Use the PV (Present Value) function to determine the outstanding loan balance in Year 5. Use the amortization schedule below to check your work. Loan Principal Loan Term Interest Rate Loan Balance $4,000,000 15 10.00% $4,957,568 Interest Principal 0 1 2 3 4 5 6 7 Begin $4,000,000 $4,000,000 $3,874,105 $3,735,620 $3,583,287 $3,415,721 $3,231,398 $3,028,642 $2,805,612 $2,560,278 $2,290,410 $1,993,556 $1,667,017 $1,307,823 $912,711 $478,086 PMT $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $525,895 $400,000.00 $387,410.49 $373,562.03 $358,328.72 $341,572.08 $323,139.78 $302,864.24 $280,561.16 $256,027.76 $229,041.03 $199,355.62 $166,701.67 $130,782.33 $91,271.05 $47,808.65 8 End $4,000,000 $3,874,105 $3,735,620 $3,583,287 $3,415,721 $3,231,398 $3,028,642 $2,805,612 $2,560,278 $2,290,410 $1,993,556 $1,667,017 $1,307,823 $912,711 $478,086 $0 $125,895.11 $ 138,484.62 $152,333.08 $167,566.39 $184,323.03 $ 202,755.33 $223,030.86 $245,333.95 $269,867.34 $296,854.08 $326,539.49 $359,193.43 $395,112.78 $434,624.06 $478,086.46 9 0 1 2 3 4 5

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