Question: Upload a XLS model of this Chapter 5 Concept Build a Loan Amortization Schedule Using the following: Prepare and amortization schedule and answer the following

Upload a XLS model of this Chapter 5 Concept
Build a Loan Amortization Schedule Using the following:
Prepare and amortization schedule and answer the following questions for a 30-Year Mortgage for $750,000 at an interest rate of 6.12%. The loan should start March 2024.
Scenario 1 Questions:
- What month and year will you pay off the loan?
- What is the total Interest paid?
- What is the principal payment in May 2040?
Scenario 2 Questions:
- Using the same information above, how would your payment schedule change if you made 1 extra monthly payment each year?

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