Please do in excel and show work/explain.

As shown in class, use Excel to solve all problems Exercise One: You are a loan approval officer at KUNY Bank, and you approve a $10,000 loan for a small business. The duration of the loan is five years, and the interest rate is 12.25%. Per the terms of the loan, the borrower has to pay interest on the loan each year, plus a fixed annual payment of $2,000 to reduce the loan balance until full re- payment. Compute the following: (a) Create an amortization schedule for this company, (b) Graph the cash flows (i.e. Total Payment, Interest Paid, and Principal Paid) on the y- axis versus time on the x-axis. 1