The accompanying Loans spreadsheet contains a partially completed spreadsheet model for computing the monthly payment for a

loan. Complete the spreadsheet model by entering the formula for computing monthly payment in cell B$6.$

Click here for the Excel Data File

a$.$ Create a vertical one$-$way data table that shows loan amounts in $$10,000$ increments from $$52,000$ to $$352,000$ and their monthly

payment amounts, assuming the loan term and annual interest rate are $10$ years and $7\%,$ respectively. What is the monthly payment

for a loan of $$205,000?$

Note: Round your answer to $2$ decimal places.

Monthly payment amount:

b$.$ Expand the spreadsheet model to include calculations for monthly interest payment and monthly principal payment. Create a

vertical one$-$way data table that shows loan amounts in $$10,000$ increments from $$52,000$ to $$352,000$ and their monthly payment,

interest payment, and principal payment amounts, assuming the loan term and annual interest rate are $10$ years and $7\%.$

respectively. What is the monthly payment, interest payment, and principal payment amounts for a $$255,000$ loan?

Note: Round your answers to $2$ decimal places.

c$.$ Create a two$-$way data table that shows loan amounts in $$10,000$ increments from $$52,000$ to $$352,000$ vertically and annual

interest rates in $0\mathrm{.}5\%$ increments from $3\%$ to $10\%$ horizontally. Fill the table with monthly payment amounts for various loan amount

and interest rate combinations. What is the monthly payment amount for a $$305,000$ loan with a $8\%$ annual interest rate?

Note: Round your answer to $2$ decimal places.