please and thank you

(b) (18 marks) A wealthy family friend nicknamed Lecce had offered to help Tiffany and has made an alternative offer for her to obtain the $10,000 loan. Lecce has proposed the following loan terms over a 12-month period. He claims this is a 'cheaper and simple' with everything paid off at the end of the renovation. Lecce will give her the $10,000 at the start of the month and Tiffany will start pay $900 at the each of each month for until the end of the loan period. He claims he is entitled to $800 in interest, which will be paid to him under his proposed conditions. Tiffany would like to know the interest rate Lecce is charging her and they would also like to verify the total amount of interest ($800) he claims he is entitled to. To answer this question, follow all EXCEL instructions below- including the in- structions given in the two diagrams. Also show your calculation for the total interest Tiffany paid under this arrangement. EXCEL Instructions: You will need to set up a new Amortisation schedule, like the one shown below, for the 12-month loan. For full marks provide: (i) a copy of your Excel spreadsheet that looks similar to the one below and (ii) your calculation for the total interest to verify Lecce's $800 claim. Set up the amortisation schedule: Set up your amortisation schedule, as shown below. Ensure you extend it to show all 12 months. Read the instructions in the boxes for more information. The following figure includes the given numbers. torowed amount rest rate Comp Frency Repaym Month -30 $ 14,000.00 10% with y este be 1 1000.00 125 Opening Balarve Repayment 15 15,000.00 $ LOGOS 6.771.355 -864 4,106.37 tered LOGO $ 1,000.00 $ -5852/5 Prisopel 31.365 47:34 S 21.41 E -C0 Clos Balance 31441'S M 20.075 SMIL 176393 AU G