Loan Amortization Table problem:

For probiems 6-10; On the blank tab labeled Part 2, following best practices for model creation (formatting, separating the variables from the main table, otc) create loan amortization tables for foans wth the following characteristics: Loan Amount: 24000 Annual I ferest Rate: 0.06 Number of Payments Per Year.2 Loan Poriod in Yearn:12 Problom 6: For an equal payment term loan (such as a mortpage), what would be the interest-only portion of the third payment (Rounded to nearest dollar)? a.678 b. 660 c. 452 d. 720 QUESTION 7 Probiem 7, For an equal payment term loan (such as a mortgage), what is the loan balance at the end of the third payment (rounded to nearest dollar)? a. 22585 b. 23303 c. 21000 d. 21845 "Problem 8: What is the EAIR for the equal payment loan? (2 decimal places, eg xx.xx% )" a. 0.0609 b. 0.0592 c. 0.0644 d. 0.06 QUESTION 9 "Problem 9: For an equal amortization loan (NOT like a mortgagel), what is the total payment in period 3?" a. 1660 b. 1000 c. 1720 d. 1417 "Problem 10: For an equal amortization loan, what is the amount of interest paid in the third payment? " a. 660 b. 452 c. 600 d. 720