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I need assistance with understandiing how to do this project, Im confuse on how to apply this to excel Loan Amortization Scenario Since everyone is

I need assistance with understandiing how to do this project, Im confuse on how to apply this to excelimage text in transcribedimage text in transcribed

Loan Amortization Scenario Since everyone is in a different financial situation, choose the scenario that interests you the most. Of course, you do not have to share your personal financial position; you are welcome to "invent" the starting figures. - How much "car" can you afford? The rule of thumb is to plan on spending 10% to 15% of your total monthly budget on all automotive expenses. This includes gas, insurance, regular maintenance. Calculate the amount that you can afford. - Go to www. Edmunds.com , www. Cars.com, or other website or classified ad and, based on your estimate of affordability, search for a car in an area that you desire that you can afford. Take a screenshot of that page and insert the image in your spreadsheet. - Calculate the customary 20% down payment. Do you have the money for a 20% down payment or must you make an adjustment? - Research loan offers and find the best car loan rate. Take a screenshot of that page and insert the image in your spreadsheet. - Using all of the information that you have researched, complete an amortization table for your loan at the best interest loan rate you found. - The spreadsheet with its calculations and answers to all of the questions. Loan Amortization Scenario Since everyone is in a different financial situation, choose the scenario that interests you the most. Of course, you do not have to share your personal financial position; you are welcome to "invent" the starting figures. - How much "car" can you afford? The rule of thumb is to plan on spending 10% to 15% of your total monthly budget on all automotive expenses. This includes gas, insurance, regular maintenance. Calculate the amount that you can afford. - Go to www. Edmunds.com , www. Cars.com, or other website or classified ad and, based on your estimate of affordability, search for a car in an area that you desire that you can afford. Take a screenshot of that page and insert the image in your spreadsheet. - Calculate the customary 20% down payment. Do you have the money for a 20% down payment or must you make an adjustment? - Research loan offers and find the best car loan rate. Take a screenshot of that page and insert the image in your spreadsheet. - Using all of the information that you have researched, complete an amortization table for your loan at the best interest loan rate you found. - The spreadsheet with its calculations and answers to all of the questions

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