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8. Create an Amortization schedulesee amortization video. How much student debt will I bear by the time I graduate? What will my student loan payments
8. Create an Amortization schedulesee amortization video. How much student debt will I bear by the time I graduate? What will my student loan payments be?
a. My undergraduate student debt is $32,500. I have secured a 4.08% annual rate (EAR) for a 25-year loan, identify the monthly payment.
b. What is the total amount of interest paid on this loan?
c. In total (interest plus principle) how much did you pay for this $32,500 loan?
Please provide Excel formulation calculation
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