Question: Solve the following problem using Excel Worksheet If you have taken a $500,000 home loan at 3% interest, with a 30-year mortgage. What will be

Solve the following problem using Excel Worksheet

If you have taken a $500,000 home loan at 3% interest, with a 30-year mortgage. What will be the monthly payment (not including insurance and taxes)? Also show what will be the monthly payment with a down payment of $ 100,0000.

Deliverable will be an Excel work sheet showing all formulas which will be used to calculate the monthly payments.

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