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1.Consider a 15-year monthly annuity-style loan for $300,000. The fixed interest rate is 8.125% MEY. Amortize the loan and graph (1) payment, interest paid and

1.Consider a 15-year monthly annuity-style loan for $300,000. The fixed interest rate is 8.125% MEY. Amortize the loan and graph (1) payment, interest paid and principal paid v time, and separately (2) the loan balance over time. Make sure the graphs are at the top of a separate tab and suitable cleaned up.(USE EXCEL SPREADSHEET)

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Amortization Schedule Month Monthly Payment Interest Payment Principal Payment Remaining Balance 1 2838843 1959315 8795277 2991205 2 2838843 1953571 8852719 2982352 3 2838843 1947789 8910537 2973441 4 ... blur-text-image

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