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Open the file Debbie Financials and examine its contents. Examine the data provided and then complete the following tasks: A) The first task to accomplish

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Open the file Debbie Financials and examine its contents. Examine the data provided and then complete the following tasks: A) The first task to accomplish is to set up a loan calculator in the worksheet named "Loan Schedule". Debbie wants to take a loan of $250,000 for 8 years at an annual rate of 7.5% per year. She wants to make payments quarterly over this 8 -year period. This means she is making a total of 32 payments over the 8 years she has the loan. Given this information, determine what her quarterly payment is over the life of the loan. You will insert all relevant data in row 5 . Use formulas where applicable. (5 pts.) B) The next step is to determine the amortization schedule. Using your knowledge of Excel, complete this schedule (rows 9 through 40)(10 pts.) C) In the last section of the worksheet, calculate the cumulative interest and principal payments on the loan. Cell J48 should reflect the total interest Debbie paid on her loan. In cell 49 should be the sum of all principal payments per year that should sum to the loan amount of $250,000. (10 pts.) D) In the worksheet "Depreciation", you need to calculate the depreciation schedule for long-term assets that equal $550,000. The life of these long-term assets equals 5 years and they have a salvage value of $100,000. Based on this information determine the straight-line and the declining -balance depreciation of these assets. (10 pts.)

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