Please answer the following question by using Excel

icu Tnterest J&J Cattle has purchased a quarter section of land for $160,000. They make a down payment of S2000, and the remainder of the purchase price ($140,000) is financed at 12 percent compounded quarterly with quarterly payment over 2 years. Develop an Excel R table to illustrate the payment amounts and schedule for the loan, assuming payback follows a. 3 Plan 1: Pay the accumulated interest at the end of each interest period and repay the principal at the end of the loan period. b. Plan 2: Make equal principal payments, plus interest on the unpaid balance at the end of the period. c. Plan 3: Make equal end-of-period payments. d. Plan 4: Make a single payment of principal and interest at the end of the loan period. e. A different plan: Pay off the principal per the table below. In addition, pay the accumulated interest at the od of each interest period. Quarter1 PrincipalSX 6 7 SX