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I need to solve yellow blanks using excel functions. George is building his dream house for his growing family. He has decided to get a

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I need to solve yellow blanks using excel functions.

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George is building his dream house for his growing family. He has decided to get a 15-year mortgage loan. The amount of his mortgage will depend on the price he gets from selling his current home. He is also unsure about the annual interest rate he will pay on his mortgage loan. Use Excel PMT function to find out George's monthly payment based on information provided. Build a data table showing the amount of George's monthly payment based on the amount of his mortgage loan and the annual interest rate on the loan. Assumptions: (1). Mortgage Amount will range between $300,000 and $700,000, in increments of $25,000. (2). Annual mortgage rate will range between 4% and 8% (3). 15-year term (4). Monthly payment paid at the end of each month. Mortgage Loan $ 400,000.00 No. of months 32400 Annual rate 6% Monthly pymt Annual Interest Rate 4.00% 4.50% 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 8.00% 300,000 $ $ 325,000 $ s 350,000 - $ $ $ 375,000 $ S 400,000 $ 425,000 $ 450,000 S 475,000 S 500,000 $ 525,000 $ 550,000 S 575,000 S 600,000 $ 625,000 650,000 $ 675,000 S 700,000

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