Question: please show work with formula on excel. thank you Solve all of the following problems with Excel. Please use formulas in excel to solve. (10

please show work with formula on excel. thank you Solve all

please show work with formula on excel. thank you

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. 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

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