Question: This is a question for a project I am working on. I am to input the answers into an Excel spreadsheet with the formulas to

This is a question for a project I am working on. I am to input the answers into an Excel spreadsheet with the formulas to solve. I am stuck on this. Please help. It is imperative that I use the functions to solve.

1.You take out a $200,000 mortgage for 20 years at 6%.

What is your monthly payment?

What is the principle and interest on the first payment?

What is the principle and interest on the twelfth payment?

How much interest will you pay over the 20 years?

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