Question
Create a new What SUP Loan Amortization ScheduleUsing the ch5-03 file to start your work, create a worksheet (similar tothe one created in this chapter)
Create a new What SUP Loan Amortization ScheduleUsing the ch5-03 file to start your work, create a worksheet (similar tothe one created in this chapter) that calculates the required annual pay-ment for an $850,000, 7-year loan at 5 percent and includes a loan amor-tization schedule. (Be sure to use names in the worksheet, as illustratedin the chapter. You will also need to format the cells.) Save your file asch5-03_student_name (replacing student_name with your name).a.Print the newly completed worksheet in Value view, with your nameand date printed in the lower left footer and the file name in thelower right footer.b.Use the Scenario Manager to create a scenario using rates of 10, 9,7, and 6 percent to calculate alternative payments. Print the resultingsummary worksheet.c.Use Excels goal seek feature to calculate the amount the companycould borrow if it could afford a payment of $120,000 per year assum-ing the original loan assumptions. Print the resulting worksheet in Valueview, with your name and date printed in the lower left footer and thefile name in the lower right footer.
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