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Part 2: Loan Amortization Solve the following questions in Excel. Use Excel functions where applicable. You will receive no credit if you type in numbers

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Part 2: Loan Amortization Solve the following questions in Excel. Use Excel functions where applicable. You will receive no credit if you type in numbers instead of using equations/functions/references in cells other than inputs. You consider purchasing a $250,000 home for which you will be making a 20% down payment and obtaining a mortgage to finance the remaining amount. The mortgage is for 30 years (360 months) and has a fixed nominal annual rate of 3.5 percent, with monthly payments made at the end of months. 1. Fill out the blank blue cells in the Mortgage Input and Basic Output sections. 2. Complete the mortgage amortization schedule. I 3. Insert the graphs for: Interest & Principal payments b. Ending balance a, Edit View Insert Format Tools Data Window Help Autu. Project 1 Template Grace Paco come Insert Draw Page Layout Formulas Data Review View Tell me Calibri (lody = = = 28 Accounting Brommet styles 2 5 - % x 324.76 D 1 areas Input Property Price Paymen Lean met Amunicate Number of years bertat You 550.000.00 30 $200.000,00 BS Basic Output Monthly Rate Nper Loan Payment 0295 360 $190 32 Gabriela Amichedule MO Begbulance A terest Principal End balance 3 100.000,00 1380 SL 5 19.05.14 S1809 5.09 SH See SO SASE 3180 $999.00 SI 14180 SEM 5050 30 Cover Part Part 2 Dorada Van Now President Now Play Rearrange Us 2010 24 MacBook Air 00 80 F3 10 F4 FS F F2 A # 3 $ 4 % 5 & 7 6 8 9 2

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