The chief financial officer (CFO) at BiFo Glass Corporation is thinking about the costs of purchasing...

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The chief financial officer (CFO) at BiFo Glass Corporation is thinking about the costs of purchasing a new fleet of automobiles, and she has heard that you are handy with computers. So, the CFO tells you that she would like to enter the dollar amount borrowed, the annual interest rate, and the number of years of financing and have a spreadsheet provide monthly installments amortized for up to eight years with the following information: 1. Beginning balance for each month 2. Amount of the monthly payment 3. How much of the payment goes to interest 4. How much of the payment goes to reducing principal 5. End of the period balance Ensure it is clear where the CFO should enter input data. In addition, make sure that the monthly installments go for eight years. Give the project some color, but keep it professional. Finally, be careful to use formulas and cell referencing. The chief financial officer (CFO) at BiFo Glass Corporation is thinking about the costs of purchasing a new fleet of automobiles, and she has heard that you are handy with computers. So, the CFO tells you that she would like to enter the dollar amount borrowed, the annual interest rate, and the number of years of financing and have a spreadsheet provide monthly installments amortized for up to eight years with the following information: 1. Beginning balance for each month 2. Amount of the monthly payment 3. How much of the payment goes to interest 4. How much of the payment goes to reducing principal 5. End of the period balance Ensure it is clear where the CFO should enter input data. In addition, make sure that the monthly installments go for eight years. Give the project some color, but keep it professional. Finally, be careful to use formulas and cell referencing.

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