TASK II $($Total $8$ points$)$: Prepare Amortization Schedule for $2-$Year Loan $($Spreadsheet$)$

Suppose you just borrowed $$52,000$ and arranged for a $2-$year loan with monthly payments

beginning one month from today. Prepare the amortization schedule for this loan. The interest

rate is $7\mathrm{.}40\%.$ Show the total amounts in payment, interest, and principal. To complete this part

efficiently, set up the formulas in the first row of the table, and utilize Copy$/$Paste to fill out the

remaining cells.

Below is an example of a spreadsheet organization for Part III of the assignment.