Question: Use the excel file Excel Question 1 xlsx to perform analyses and answer the following questions. Show your work in the second Worksheet. Submit worked


Use the excel file Excel Question 1 xlsx to perform analyses and answer the following questions. Show your work in the second Worksheet. Submit worked excel file to get credit. Provide answers to questions a) and b) In the designated cells in your submitted excel file. Make sure you click 'save' after you choose the completed Excel file to upload. The bank offers you a $500,000 loan at 8% annual interest with quarterly payments for the next 25 years. n) Wat is the quarterly mortgage payment? (7 points) b) What is the total interest paid during the 25 years? | points) Create a line chart in excel showing the Interest payment and principal payment for each payment period over the 25 years. The two lines must be in the same chart (6 points) E Annual Interest Rate B D 1 Annual Trverest Rate 2 Quarterly Interest Rate 3 Number of periods 3 Amount of loan S Quarterly payment 6 1 Quarterly payment nu Beginning Principa Quarterly Payment Towards Interest 8 9 10 Towards Principal Ending Principal Principal payment 12 14 15 15 17 18 20 22 73 Question a) What is the quarterly mortgage payment? A B C D E Question a): What is the quarterly mortgage payment? Put your answer in the cell below this cell: G H Question by: What is the total interest paid during the 25 years? Put your answer in the cell below this cell: 7 8 9 10 11 12 13 14 15 16 17 18
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