Question: please can you help for these bond and loan problem Solve all of the following problems with Excel. Please use formulas in excel to solve.
Solve all of the following problems with Excel. Please use formulas in excel to solve. (10 pts) Problem 1 (10 pts) (a) Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month 1. What initial principal will this repay? (b) Assume annual car payments of $6000 for 4 years and an interest rate of 9% per year. 1. What initial principal will this repay? (c) Assume monthly car payments of $500 per month for 4 years and an interest rate of 7% per year. 1. What initial principal will this repay? 2. Prepare a loan payment schedule showing the payments and interest for the life of the loan. Problem 2 (10 pts) 1. A 10-year mortgage for $95,000 is issued at a 6% annual interest rate. (a) What is the monthly payment? (b) How long does it take to pay off the mortgage, If $1500 per month is paid? (c) What is the monthly payment, if the interest rate is 0.5% per month? Problem 3 (10 pts) A 10 year bond with a face value of $250,000, stated interest rate of 4% to yield 5%. Interest payments are paid semiannually with q issuance price of $230,513.55. 1 Prepare a bond amortization schedule using the straight line method 2 Prepare a bond amortization schedule using the effective interest method Please note: For all of the above please label your work. Work will be graded on accuracy and the utilization of excel throughout your work
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