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I don't really understand this assignment, could you guide me through it? For this assignment, you need to complete the Amortization Schedule Excel File. In

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image text in transcribedI don't really understand this assignment, could you guide me through it?

For this assignment, you need to complete the Amortization Schedule Excel File. In the Excel file, you need to complete two worksheets (Automobile and House). Automobile 1. Select a car that you would like to buy after your graduation. Insert a picture of the car in the Excel worksheet. 2. Find a price of the car that you selected and annual auto loan rate. o https://www.bankrate.com/loans/auto-loans/rates/ o Find 60 months new in the best car loan rates section. 3. Build an amortization schedule for 60 months. The example can be found in Page 53 of Time Value of Money ppt. Number of Period (N) Auto Loan Rate (per Month) Loan Amount (PV) Future Value (FV) Monthly Payment (PMT) Month Beginning Balance Payment Interest Repayment of Principal Remaining Balance Price: $19,550 Annual Auto Rate Loan Rate: 3.290% Bank of America

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