Please answer through using Excel and show the formulas used to answer. If possible include link to the spreadsheet, I will make sure to upvote for you!

1. A loan of $30,000 is to be paid back with semi-annual payments over 10 years at im = 8%. The rst payment is R and each succeeding payment increases by 12%. Set up an amortization table. Graph the resulting outstanding balances (using a column graph). Make sure your xaxis goes from 0 to 20. (4 + 2 = 6 marks)