Question: Please solve questions 1 and 2. Please use the excel program to solve the missing values. 1.) Given annual interest rate 6.25%, length of term

Please solve questions 1 and 2. Please use the excel program to solve the missing values.

1.) Given annual interest rate 6.25%, length of term 60 months, monthly payment $280.00, and total number of payments $16,800.00, calculate the loan principal. Please calculate the loan principal using an amortization table and VLOOKUP functions in excel. Please attach the excel spreadsheet with work.

2.) Given loan principal is $50,000, length of term is 72 months, monthly payment is $760.00, and total of payments is $54,720.00, calculate the annual interest rate. Please calculate the annual interest rate using an amortization table and VLOOKUP functions in excel. Please attach the excel spreadsheet with work.

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