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please do in excel 5. To pay for your child's education, you wish to deposit an equal amount of $500 into the bank at the
please do in excel 5. To pay for your child's education, you wish to deposit an equal amount of $500 into the bank at the end of each month for the next 15 years. If the bank is willing to pay an annual interest of 6% which is to be compounded monthly, how much will you have accumulated at the end of 15 years? 6. Mr. Bill S. Preston purchased a new house for $80,000. He paid $20,000 down and agreed to pay the rest over the next 25 years in equal monthly payments that include principal payments plus 9% annual compound interest on the unpaid balance. What will these equal monthly payments be
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