Question: PLEASE ONLY ONLY HOW TO DO IN EXCEL. NO hard coded formulas. I will rate. pu yvai, vaicurate the EAIR UI e Ill. 9. (Mortgage

PLEASE ONLY ONLY HOW TO DO IN EXCEL. NO hard coded formulas.

I will rate.

PLEASE ONLY ONLY HOW TO DO IN EXCEL. NO hard coded formulas.

pu yvai, vaicurate the EAIR UI e Ill. 9. (Mortgage + EAIR + processing fee) Your local bank has offered you a 20-year, $100,000 mortgage. The bank is charging 1.5 points, with "proc- essing" costs of $750; both points and processing costs are deducted from the mortgage when it is given. The mortgage carries a 10% annual interest rate and is paid in 20 equal annual payments. Note that the annual payments on the mortgage are calculated on the full amount of the mortgage (that is, $100,000) a. Calculate the annual mortgage payment. b. Calculate the EAIR. c. Present an amortization table which shows the amount of effective interest you pay each year

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