Hello, I am struggling with a case. Here is the link to the casehttps://www.coursehero.com/tutors-problems/Finance/9326528-In-May-2013-Rebecca-Young-completed-her-MBA-and-moved-to-Toronto-for/. I have worked through half of them but I need help on Question 5. In the attachment, you can find my excel sheet with my current work progress. I would be greatly appreciated if you would like to help me out.

Question 1 PV Effective monthly rate (I/Y) N FV PMT Question 2 Down pmts Local and Provincial Deed tran Closing costs Investment amount (sum) Monthly Opportunity Costs 480,000 =(80%*600,000) 0.33% =(1+4%/2)^(2/12)-1 300 =25*12 0 $2,524.93 120,000 18000 2000 140,000 462.84 Question 3 Monthly condo fee Property taxes Mortgage Monthly Opportunity Costs Total monthly pmt if buy General Mainntenance Rent fee Total monthly pmt if rent 1055 300 1840.98 462.84 $3,658.82 50 3000 3050 Additional monthly pmt to bu $608.82 Question 4 Date 7/1/2014 Starting Balance Interest 1 $480,000 2 $479,061.95 3 $478,120.80 4 $477,176.53 5 $476,229.14 6 $475,278.63 7 $474,324.97 8 $473,368.15 9 $472,408.18 10 $471,445.03 11 $470,478.69 12 $469,509.16 13 $468,536.43 14 $467,560.48 15 $466,581.30 16 $465,598.89 17 $464,613.22 18 $463,624.30 19 $462,632.11 $1,586.88 $1,583.78 $1,580.67 $1,577.55 $1,574.41 $1,571.27 $1,568.12 $1,564.96 $1,561.78 $1,558.60 $1,555.40 $1,552.20 $1,548.98 $1,545.75 $1,542.52 $1,539.27 $1,536.01 $1,532.74 $1,529.46 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 $461,636.64 $460,637.88 $459,635.82 $458,630.44 $457,621.74 $456,609.71 $455,594.33 $454,575.59 $453,553.49 $452,528.00 $451,499.13 $450,466.85 $449,431.17 $448,392.05 $447,349.51 $446,303.51 $445,254.06 $444,201.14 $443,144.73 $442,084.84 $441,021.44 $439,954.52 $438,884.08 $437,810.10 $436,732.57 $435,651.48 $434,566.81 $433,478.55 $432,386.70 $431,291.24 $430,192.16 $429,089.44 $427,983.08 $426,873.06 $425,759.37 $424,642.00 $423,520.93 $422,396.16 $421,267.67 $420,135.45 $418,999.49 $417,859.77 $416,716.28 $415,569.01 $414,417.95 $413,263.09 $412,104.40 $1,526.17 $1,522.87 $1,519.56 $1,516.23 $1,512.90 $1,509.55 $1,506.19 $1,502.83 $1,499.45 $1,496.06 $1,492.66 $1,489.24 $1,485.82 $1,482.38 $1,478.94 $1,475.48 $1,472.01 $1,468.53 $1,465.04 $1,461.53 $1,458.02 $1,454.49 $1,450.95 $1,447.40 $1,443.84 $1,440.26 $1,436.68 $1,433.08 $1,429.47 $1,425.85 $1,422.22 $1,418.57 $1,414.91 $1,411.24 $1,407.56 $1,403.87 $1,400.16 $1,396.44 $1,392.71 $1,388.97 $1,385.21 $1,381.44 $1,377.66 $1,373.87 $1,370.07 $1,366.25 $1,362.42 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 $410,941.89 $409,775.53 $408,605.31 $407,431.23 $406,253.27 $405,071.41 $403,885.64 $402,695.96 $401,502.34 $400,304.77 $399,103.25 $397,897.75 $396,688.27 $395,474.79 $394,257.30 $393,035.78 $391,810.23 $390,580.62 $389,346.95 $388,109.20 $386,867.35 $385,621.40 $384,371.34 $383,117.14 $381,858.79 $380,596.28 $379,329.60 $378,058.74 $376,783.67 $375,504.38 $374,220.87 $372,933.11 $371,641.09 $370,344.81 $369,044.24 $367,739.36 $366,430.18 $365,116.66 $363,798.81 $362,476.60 $361,150.01 $359,819.04 $358,483.67 $357,143.89 $355,799.67 $354,451.01 $353,097.90 $1,358.57 $1,354.72 $1,350.85 $1,346.97 $1,343.07 $1,339.17 $1,335.25 $1,331.31 $1,327.37 $1,323.41 $1,319.44 $1,315.45 $1,311.45 $1,307.44 $1,303.41 $1,299.38 $1,295.32 $1,291.26 $1,287.18 $1,283.09 $1,278.98 $1,274.86 $1,270.73 $1,266.59 $1,262.43 $1,258.25 $1,254.06 $1,249.86 $1,245.65 $1,241.42 $1,237.17 $1,232.92 $1,228.65 $1,224.36 $1,220.06 $1,215.75 $1,211.42 $1,207.08 $1,202.72 $1,198.35 $1,193.96 $1,189.56 $1,185.15 $1,180.72 $1,176.27 $1,171.82 $1,167.34 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 $351,740.31 $350,378.23 $349,011.65 $347,640.55 $346,264.92 $344,884.74 $343,499.99 $342,110.67 $340,716.76 $339,318.24 $337,915.09 $336,507.31 $335,094.87 $333,677.76 $332,255.97 $330,829.47 $329,398.26 $327,962.32 $326,521.63 $325,076.18 $323,625.95 $322,170.93 $320,711.09 $319,246.43 $317,776.93 $316,302.57 $314,823.33 $313,339.21 $311,850.17 $310,356.22 $308,857.33 $307,353.48 $305,844.65 $304,330.85 $302,812.03 $301,288.20 $299,759.32 $298,225.40 $296,686.40 $295,142.31 $293,593.12 $292,038.81 $290,479.35 $288,914.75 $287,344.97 $285,770.00 $284,189.82 $1,162.85 $1,158.35 $1,153.83 $1,149.30 $1,144.75 $1,140.19 $1,135.61 $1,131.02 $1,126.41 $1,121.79 $1,117.15 $1,112.49 $1,107.82 $1,103.14 $1,098.44 $1,093.72 $1,088.99 $1,084.24 $1,079.48 $1,074.70 $1,069.91 $1,065.10 $1,060.27 $1,055.43 $1,050.57 $1,045.70 $1,040.81 $1,035.90 $1,030.98 $1,026.04 $1,021.08 $1,016.11 $1,011.12 $1,006.12 $1,001.10 $996.06 $991.00 $985.93 $980.85 $975.74 $970.62 $965.48 $960.32 $955.15 $949.96 $944.76 $939.53 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 $282,604.42 $281,013.78 $279,417.88 $277,816.70 $276,210.23 $274,598.45 $272,981.34 $271,358.89 $269,731.07 $268,097.87 $266,459.27 $264,815.25 $263,165.80 $261,510.89 $259,850.52 $258,184.65 $256,513.28 $254,836.38 $253,153.93 $251,465.93 $249,772.34 $248,073.16 $246,368.36 $244,657.92 $242,941.83 $241,220.06 $239,492.60 $237,759.43 $236,020.53 $234,275.89 $232,525.47 $230,769.27 $229,007.26 $227,239.43 $225,465.75 $223,686.21 $221,900.78 $220,109.45 $218,312.20 $216,509.01 $214,699.86 $212,884.72 $211,063.59 $209,236.43 $207,403.24 $205,563.98 $203,718.64 $934.29 $929.03 $923.76 $918.46 $913.15 $907.82 $902.48 $897.11 $891.73 $886.33 $880.91 $875.48 $870.03 $864.56 $859.07 $853.56 $848.03 $842.49 $836.93 $831.35 $825.75 $820.13 $814.49 $808.84 $803.17 $797.47 $791.76 $786.03 $780.28 $774.52 $768.73 $762.92 $757.10 $751.25 $745.39 $739.51 $733.60 $727.68 $721.74 $715.78 $709.80 $703.80 $697.78 $691.74 $685.68 $679.59 $673.49 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 $201,867.21 $200,009.65 $198,145.95 $196,276.09 $194,400.04 $192,517.80 $190,629.33 $188,734.62 $186,833.64 $184,926.38 $183,012.82 $181,092.93 $179,166.69 $177,234.08 $175,295.08 $173,349.68 $171,397.84 $169,439.55 $167,474.79 $165,503.53 $163,525.75 $161,541.43 $159,550.56 $157,553.10 $155,549.04 $153,538.35 $151,521.02 $149,497.01 $147,466.32 $145,428.91 $143,384.77 $141,333.87 $139,276.18 $137,211.70 $135,140.39 $133,062.23 $130,977.20 $128,885.28 $126,786.44 $124,680.67 $122,567.93 $120,448.21 $118,321.48 $116,187.72 $114,046.90 $111,899.01 $109,744.02 $667.37 $661.23 $655.07 $648.89 $642.69 $636.46 $630.22 $623.96 $617.67 $611.37 $605.04 $598.69 $592.33 $585.94 $579.53 $573.09 $566.64 $560.17 $553.67 $547.15 $540.62 $534.06 $527.47 $520.87 $514.25 $507.60 $500.93 $494.24 $487.52 $480.79 $474.03 $467.25 $460.45 $453.62 $446.77 $439.90 $433.01 $426.09 $419.16 $412.19 $405.21 $398.20 $391.17 $384.12 $377.04 $369.94 $362.81 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 $107,581.90 $105,412.63 $103,236.19 $101,052.56 $98,861.71 $96,663.62 $94,458.25 $92,245.60 $90,025.63 $87,798.33 $85,563.65 $83,321.60 $81,072.13 $78,815.22 $76,550.85 $74,279.00 $71,999.63 $69,712.73 $67,418.27 $65,116.22 $62,806.56 $60,489.27 $58,164.32 $55,831.67 $53,491.32 $51,143.23 $48,787.38 $46,423.74 $44,052.28 $41,672.99 $39,285.83 $36,890.78 $34,487.81 $32,076.89 $29,658.00 $27,231.12 $24,796.22 $22,353.26 $19,902.23 $17,443.09 $14,975.83 $12,500.41 $10,016.80 $7,524.99 $5,024.93 $2,516.61 $355.67 $348.49 $341.30 $334.08 $326.84 $319.57 $312.28 $304.96 $297.62 $290.26 $282.87 $275.46 $268.02 $260.56 $253.08 $245.57 $238.03 $230.47 $222.88 $215.27 $207.64 $199.98 $192.29 $184.58 $176.84 $169.08 $161.29 $153.48 $145.64 $137.77 $129.88 $121.96 $114.02 $106.05 $98.05 $90.03 $81.98 $73.90 $65.80 $57.67 $49.51 $41.33 $33.12 $24.88 $16.61 $8.32 Question 5 a. Sales Mortgage Opportunity Cost $600,000.00 (SB-(TP-I)) Total Payment Ending Balance $2,524.93 $479,062 $2,524.93 $478,121 $2,524.93 $477,177 $2,524.93 $476,229 $2,524.93 $475,279 $2,524.93 $474,325 $2,524.93 $473,368 $2,524.93 $472,408 $2,524.93 $471,445 $2,524.93 $470,479 $2,524.93 $469,509 $2,524.93 $468,536 $2,524.93 $467,560 $2,524.93 $466,581 $2,524.93 $465,599 $2,524.93 $464,613 $2,524.93 $463,624 $2,524.93 $462,632 $2,524.93 $461,637 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $460,638 $459,636 $458,630 $457,622 $456,610 $455,594 $454,576 $453,553 $452,528 $451,499 $450,467 $449,431 $448,392 $447,350 $446,304 $445,254 $444,201 $443,145 $442,085 $441,021 $439,955 $438,884 $437,810 $436,733 $435,651 $434,567 $433,479 $432,387 $431,291 $430,192 $429,089 $427,983 $426,873 $425,759 $424,642 $423,521 $422,396 $421,268 $420,135 $418,999 $417,860 $416,716 $415,569 $414,418 $413,263 $412,104 $410,942 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $409,776 $408,605 $407,431 $406,253 $405,071 $403,886 $402,696 $401,502 $400,305 $399,103 $397,898 $396,688 $395,475 $394,257 $393,036 $391,810 $390,581 $389,347 $388,109 $386,867 $385,621 $384,371 $383,117 $381,859 $380,596 $379,330 $378,059 $376,784 $375,504 $374,221 $372,933 $371,641 $370,345 $369,044 $367,739 $366,430 $365,117 $363,799 $362,477 $361,150 $359,819 $358,484 $357,144 $355,800 $354,451 $353,098 $351,740 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $350,378 $349,012 $347,641 $346,265 $344,885 $343,500 $342,111 $340,717 $339,318 $337,915 $336,507 $335,095 $333,678 $332,256 $330,829 $329,398 $327,962 $326,522 $325,076 $323,626 $322,171 $320,711 $319,246 $317,777 $316,303 $314,823 $313,339 $311,850 $310,356 $308,857 $307,353 $305,845 $304,331 $302,812 $301,288 $299,759 $298,225 $296,686 $295,142 $293,593 $292,039 $290,479 $288,915 $287,345 $285,770 $284,190 $282,604 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $281,014 $279,418 $277,817 $276,210 $274,598 $272,981 $271,359 $269,731 $268,098 $266,459 $264,815 $263,166 $261,511 $259,851 $258,185 $256,513 $254,836 $253,154 $251,466 $249,772 $248,073 $246,368 $244,658 $242,942 $241,220 $239,493 $237,759 $236,021 $234,276 $232,525 $230,769 $229,007 $227,239 $225,466 $223,686 $221,901 $220,109 $218,312 $216,509 $214,700 $212,885 $211,064 $209,236 $207,403 $205,564 $203,719 $201,867 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $200,010 $198,146 $196,276 $194,400 $192,518 $190,629 $188,735 $186,834 $184,926 $183,013 $181,093 $179,167 $177,234 $175,295 $173,350 $171,398 $169,440 $167,475 $165,504 $163,526 $161,541 $159,551 $157,553 $155,549 $153,538 $151,521 $149,497 $147,466 $145,429 $143,385 $141,334 $139,276 $137,212 $135,140 $133,062 $130,977 $128,885 $126,786 $124,681 $122,568 $120,448 $118,321 $116,188 $114,047 $111,899 $109,744 $107,582 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $2,524.93 $105,413 $103,236 $101,053 $98,862 $96,664 $94,458 $92,246 $90,026 $87,798 $85,564 $83,322 $81,072 $78,815 $76,551 $74,279 $72,000 $69,713 $67,418 $65,116 $62,807 $60,489 $58,164 $55,832 $53,491 $51,143 $48,787 $46,424 $44,052 $41,673 $39,286 $36,891 $34,488 $32,077 $29,658 $27,231 $24,796 $22,353 $19,902 $17,443 $14,976 $12,500 $10,017 $7,525 $5,025 $2,517 $0 CASE #1: ASSIGNMENT QUESTIONS 1. Determine the required monthly payments for the mortgage. 2. Determine the \"opportunity\" costs, on a monthly basis, of using the required funds for closing (i.e., down payment plus all closing costs), rather than leaving those funds invested and earning the monthly effective rate determined in part (1). 3. Determine the monthly additional payments required to buy versus rent (include the monthly opportunity costs determined in part (2)). 4. Determine the principal outstanding on the mortgage after: a. Two years b. Five years c. Ten years 5. Determine the \"net\" future gain or loss after two, five and 10 years under the following scenarios, which Rebecca Young has determined are possible after some \"due diligence\" regarding future real-estate prices in the Toronto condo market: a. The condo price remains unchanged. b. The condo price drops 10% over the next two years, then increases back to its purchase price by the end of five years, then increases by a total of 10% from the original purchase price by the end of 10 years. c. The condo price increases annually by the annual rate of inflation of 2% per year over the next 10 years. d. The condo price increases annually by an annual rate of 5% per year over the next 10 years. 6. As Rebecca Young, what decision would you make? Describe any qualitative considerations that could factor into your decision. HINTS/REVIEW: - If you don't remember much, you should review financial concepts of Time Value of Money and Capital Budgeting. - Also, I recommend you practice or look up how to use the following Excel functions: PV, NPV, PMT