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2. (13 points; Excel) A bank finances a loan for $25,000 over 25 years, which will be paid back with graduated annual payments that increase
2. (13 points; Excel) A bank finances a loan for $25,000 over 25 years, which will be paid back with graduated annual payments that increase at a rate of 1.5% per year. Assume that the real interest rate charged by the bank is 3% and the general inflation rate is 2%. 2.1. (8 points) Set up the loan amortization table to show that the loan is paid off at the end of the 25th payment. 2.2. (5 points) Add an extra column showing the real value of each payment. Create a single graph showing the nominal and real payments over time. Be sure to include titles and a legend in your graph
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