Question: Problem 16 You have until 1:31 PM to complete this assignment. Intro Your company took out an amortizing loan with the following terms: A B

Problem 16 You have until 1:31 PM to complete this assignment. Intro Your company took out an amortizing loan with the following terms:

Problem 16 You have until 1:31 PM to complete this assignment. Intro Your company took out an amortizing loan with the following terms: A B 1 Amount 9,000 2 Term (years) | 10 3 Interest rate 5% Part 1 - Attempt 1/3 for 10 pts. Create an amortization table in Excel. What is the outstanding balance at the end of the second year? 0+ decimals Submit Part 2 Attempt 1/3 for 10 pts. For the second year, company made an accounting entry for the loan repayment: Dr Cr loan payable interest expense cash Fill out the first missing cell (loan payable 0+ decimals Submit

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