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Please do this in excel using excel equations and please show the equations 7: 20 ate prof Problem 3P J8J Cattle has purchased a quarter
Please do this in excel using excel equations and please show the equations
7: 20 ate prof Problem 3P J8J Cattle has purchased a quarter section of land for $180,000 They make a down payment o $20.000, and the remainder of the purchase price ($140 000) is fnanced at 12 percent compounded quarterly with quarterly payments over 2 years. Develop an Exceif table to ilustrate the payment amounts and schedule for the loan, assuming paytack folows a. Plan 1: Pay the accumulated interest at the end of each interest period and repay the principal at the end of the loan period b. Plan 2 Make equal principal payments, plus interest on the unpaid balance at the end of the period. c. Plan 3: Make equal end-of-period payments d. Plan 4: Make a single payment of principal and interest at the end of the loan period e. A different plan Pay off the principal per the table below. In addition, pay the accumuliated interest at the end of each interest period Quarter 12 3 5Step by Step Solution
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