Question: Please work this on an EXCEL sheet You have decided to start your own bakery. Starting up the new business will require funding for store

Please work this on an EXCEL sheet

You have decided to start your own bakery. Starting up the new business will require funding for store fixtures, ovens, mixers, refrigerators, and supplies. You have some money to invest in the business, but you dont have enough to fund everything. So, you have decided to go to the bank to ask for a loan. After looking at your revenue and expense projections, you have determined that you can make monthly loan payments of $1,425 on a ten-year loan. The interest rate on commercial loans is 8.50 percent. How much will the bank be willing to lend?

Please work this on an EXCEL sheet

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