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please help!! thank you!! You just graduated college with your Bachelors Degree and accepted a job offer at your dream company. You decided to celebrate
please help!! thank you!!
You just graduated college with your Bachelors Degree and accepted a job offer at your dream company. You decided to celebrate by purchasing a Tesla Model 3 Long Range as you need to drive a lot for work (see picture above) for $63.940. You have a 720 credit score, therefore you were able to get a 2.9% annual percentage rate (APR) on a 7 year loan. You will be making monthly payments starting September 1, 2022. Using Excel, prepare a professional amortization schedule for the entire 7 years, by MONTH. It must include the payment and the total amount of interest you will pay by each month over the 7 years. (Hint: interest rates are annual, you must convert them to monthly and the periods must be in months, for example, how many months are in 7 years)w. The Excel cells must contain formulas when appropriate, I recommend cell referencing, and using both relative and absolute. Use the PMT function for the payment. DO NOT use the PPMT or the IPMT functions. DO NOT use an Excel Template, you must create this yourself. You needed to show the beginning balance, interest, principle, payment and ending balance for each of the periods with Excel calculations for all periods Step by Step Solution
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