Question: I have to instruct a a car amortization on excel. I know that I can use various functions on excel to calculate principle and interest.

I have to instruct a a car amortization on excel. I

I have to instruct a a car amortization on excel. I know that I can use various functions on excel to calculate principle and interest. I'm hoping I can get screenshots of what to key in on the different functions in excel and an explanation of how to get the full 60 months charted quickly.

Loan Amortization Schedule Jeep Cherokee Price Car Price Down payment Loan Amount 37,880 5,000 32,880 0.004166667 Interest 5.000% Term Monthly Payment Total Payment $620.49 $620.49 Month Beginning Interest Principle 0 no 0 OWN PMT $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620 49 Additiona Ending Balance 32,397 31,911 0 31,423 30,934 30,442 29,949 0 286,992 0 285,096 0 283,191 281,276 0 279,352 0 277,418 0 275,475 0 273,522 271 559 0 29

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Hello, Please, I really need help with this assignment. I submitted the assignment already, and I got feedbacks to solve the mistakes in my first submissions. I will attach the submissions ( The...

DA 1 3 . 1 Data analytics can be used to understand present values. GlobalPie plans to issue 1 0 year, semi annual bonds. They want to know what the proceeds will be under various scenarios. Set up a...

Hi Erylee88, I would like to utilize your service again. Same format different questions. Please find attached document for your review. Let me know. Thank you, Sam...

Figure 3. GPA study data. You can download the GPAs spreadsheet and use it for the exercises. Step 1: Analyzing the Grades Sue thinks that students are more motivated to do well in their major...

3 COLLEGE ALGEBRA - TRIGONOMETRY Business and Finance (MAT115) This course will start with a review of basic algebra (factoring, solving linear equations, and equalities, etc.) and proceed to a study...

The Chocolate Shop - F23 Overview Susie is determined to start her own chocolate business. She has some experience in the industry and is now signed up for a "Professional Chocolatier Program"...

I need chapters 18, 19, 20, and 21 for the workbook for Personal Finance by Madura!! Please help!!! Personal Finance, Fifth Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK INDEX...

Please read the attachment chapters and answer the following questions with at least 50 words. Depreciation discussion What are the various methods of determining depreciation and amortization...

Dr.Ramsey Please assist me with my discussion post. Subject: Annuities Systematic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government...

Directions for Problem #4 in Excel The goal of this problem is to have you: Use Excel to generate the future value of each of the various investments made over the course of the 25 years. Use Excel...

1. Describe yourself and your life in your country of birth. 2. What are the biggest differences between your life in Vancouver and your life in your country? Describe. 3. What are your expectations...

The following data was taken from Whisk Company's general ledger account balances and supplemental data.Whisk Company uses the periodic inventory method to account for its inventory. Merchandise...

Decreasing Liability Explain the different ways you can 1 . identify liabilities and 2 . decrease liabilities when managing a property.

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

6. How do histories influence the process of identity formation?

4. What factors in your experience have led to the development of positive feelings about your own cultural heritage and background? What factors have led to negative feelings, if any?

3. How do you benefit or have been disenfranchised in the telling of certain histories? How do you take responsibility for the histories from which you benefit?