Question: You borrow $ 5 0 , 0 0 0 for 5 years. This is an amortized load, meaning that payments are the same each month,

You borrow $

50, 000

for

5

years. This is an amortized load, meaning that payments are the same each month, and the loan is fully paid off with final payment. The quoted interest rate

(

or APR

)

12 %

per year.

What are the beginning balance, Payment, Interest, Principal and Ending Balance in months

10

and

25 ?

Enter all the necessary information in an Excel spreadsheet as the example in class, by entering the right formulas in each column. CAN YOU SHOW THE AMORTIZATION TABLE IN EXCEL INCLUDING THE FORMULAS PLEASE

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