Question: Use a spreadsheet program to solve this part. You will develop an amortization table. Include highlighted cells at its top where the user can enter
Use a spreadsheet program to solve this part. You will develop an amortization table. Include highlighted cells at its top where the user can enter the loan amount, the number of periods per year m, the number of years t, and the APR in percent. Also show the total interest at the top. Show the general formulas for the cells at the top of each column. Have columns that show the periods (e.g. months or quarters), calculate the beginning and ending balance of the loan for each individual period, the total monthly payment, and its two components - the interest payment and the principal repayment. Include two diagrams, one for each part, which displays the interest payment and principal repayment (in dollars) over time (in periods) as part of the total payment per period. Set up your spreadsheet according to the "Homework Guidelines" with a clear layout. Submit a printout of your full table with all periods and diagrams
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