please explain step by step thank youuuu

D E F G H 1 j 2754 3% Loan Amount Nominal Periodic # of Payments Payment 60 Interest Amount Principal Amount Balance 13 A B 1 Step 1 Student Number 2 Input the last 5 digits of your student #into 2754 3 B2. It should copy over to F1. 4 Step 2 JA project ha 5 Calculate the periodic interest based on 3% 6 compounded monthly in F3. Consider 7 monthly payments. Payment Payment 8 Step 3 Number Amount 9 Calculate the payment amount to 2 decimals 0 10 in F5 using the PMT function. 1 11 Step 4 2 12 3 Fill in rows 0-60 accordingly. Remember, the 4 4 last payment will be calculated differently. 14 5 15 Step 5 6 16 7 Using the SUM function in D70, calculate the 17 8 amount of interest paid for this loan. 18 9 19 10 20 11 21 12 22 13 23 14 24 15 25 16 26 17 27 18 28 19 29 20 30 21 31 22 32 23 33 24 34 25 35 26 36 27 37 28 38 29 39 30 40 31 41 32 42 33 43 34 20 HA