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Julie has returned from her overseas posting and taken a total of $30,000 in savings and used it for a down payment on a house.

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Julie has returned from her overseas posting and taken a total of $30,000 in savings and used it for a down payment on a house. The house cost $285,000, so the remaining $255,000 will be financed through a mortgage (loan) with her bank. She will be making bi-weekly payments over 25 years at 3.25% to pay off the mortgage. (14 points) Construct an Excel spreadsheet and amortization table for the above question. Your spreadsheet should be laid out similar to screenshot below. Show the first six rows of the amortization table in your spreadsheet. Convert to formula view by pressing ctrl+' simultaneously. Finally, take a screenshot of your Excel table showing the formulas for the first six rows. A B D 1 Amortization Template File Home Data Review View Vers Tell me what you wa Insert Page Layout fomulas show Queries From Table Po Refresh le comection et External Data Som Text tava Quare Recent Sources Advanced con Cations FI D E B G 1 Amortization Template 2 Loan (PV) 3 APR 4 pmts per year 5 term In years 6 cate per perio 7 number of pa 3 monthly pmt 9 10 payment opening Balance Payment Interest prin repaid closing balance 1 1 12 13 14 2 3 15 5 Sheet1

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