Question: SHOW IN AN EXCEL SPREADSHEET AND EXCEL FORMULAS Question 10 You borrow 30,000 from a bank to finance for your new car purchase with an

SHOW IN AN EXCEL SPREADSHEET AND EXCEL FORMULAS

Question 10 You borrow 30,000 from a bank to finance for your new car purchase with an interest rate per month of 0.5%. You will pay off the loan after making 36 monthly equal payments. build the amortization schedule and calculate the Total interest payment you made. Question 11 You borrow 100,000 from a bank to finance for your new condo with an interest rate per month of 0.5%. You will pay off the loan after making 72 monthly equal payments. build the amortization schedule and calculate the Total interest payment you made. Question 12 In question 10, what must be the monthly interest rate so that the Total interest payment is 2562.88

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