Please find the monthly payment(PMT) for the following auto loan, and construct the amortization schedule of the loan by using the spreadsheet.

You need to show that the balance of the loan becomes "0" at the end of the loan period(maturity).

You are trying to purchase a 2021 HONDA ACCORD for a price of $30,000. You have a saving of $10,000 and need to borrow $20,000 from

the HONDA finance. The HONDA finance suggests an annual interest rate of 3.5% for the next 3 years.

1) find the monthly loan payment.

2) construct the amortization schedule until the maturity to show the balance "0".

Please make a reference of following formulas for the annuity.

FV=PMT((1+r/m)^nm -1))/r/m

PV=PMT/(r/m) (1- 1/(1+r/m)^nm )

(r: annual interest rate, m: compounding period, n: loan period(year))