Please show excel sheet with formulas and numbers visible. No hardcoded numbers. ONLY EXCEL WORK

For problems 6-10: On the blank tab labeled Part 2, following best practices for model creation (formatting, separating the variables from the main table, etc.) create loan amortization tables for loans with the following characteristics: Loan Amount: 24000 Annual Interest Rate: 0.06 Number of Payments Per Year:2 Loan Period in Years: 12

Problem 6: For an equal payment term loan (such as a mortgage), what would be the interest-only portion of the third payment (Rounded to nearest dollar?" a. 678 b. 720 c. 660 d. 452

Problem 7: For an equal payment term loan (such as a mortgage), what is the loan balance at the end of the third payment (rounded to nearest dollar)?" a. 22585 b. 21000 c.23303 d. 21845

Problem 8: What is the EAIR for the equal payment loan? (2 decimal places, eg xx.%)" a. 0.0609 b.0.0592 c. 0.0644 d. 0.06

Problem 9: For an equal amortization loan (NOT like a mortgage!), what is the total payment in period 3? " a. 1660 b. 1000 c. 1720 d. 1417

Problem 10: For an equal amortization loan, what is the amount of interest paid in the third payment? " a. 660 b. 452 c.600 d. 720