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9. (5 points) Create an Excel spreadsheet for this problem and print out the spreadsheet. You may print the first and last pages only; your

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9. (5 points) Create an Excel spreadsheet for this problem and print out the spreadsheet. You may print the first and last pages only; your print outs need to show the start of the table and they need to show the ending of the table. Write out the formulas used to calculate each column. What is the monthly payment due on a $350,000 loan that is fully amortized over 30 years at an 6.0% APR? Develop a spreadsheet showing the loan payment schedule. The spreadsheet should have the following six columns Beginning Principal Interest Paid Principal _Paid Ending Principal Period Payment How much sooner would the loan be paid off if an additional principal payment of $300 per month was made? Hint, copy and paste your table to create a second table and then add an "Additional Principal Paid" column to your spreadsheet. Make sure you set up the new Ending Principal calculation correctly; it is now Beginning Principal minus the Principal Paid - the Additional Principal Paid

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