How and WHEN you pay back the loan is as important as how much you borrow. You are borrowing $$141,000$ for $6$ years at $4\mathrm{.}15\%$ PY$.$

I am looking for two different methods using COMPOUND interest. ONE OF THE SOLUTION MUST BE A TABLE $($see Chapter $2$ section $4$ of text$)$

Show two DIFFERENT ways and calculate the results that demonstrate financial equivalence for this problem.

Do not show me simple and compound interest. DO NOT simply change the compounding term $($IE$.$ A daily, mothly, yearly calculation$)$

Do not show me two calcualtions that give the same solution. $($IE Excel formula and hand calcualtion$)$

How much will you pay over the life of the loan in each way? WHICH ONE costs you the LEAST amount of interest, WHY?

Briefly explain the concept of financial equivalence. $(2$ PIECES HERE$)$ show in excel format step