please input excel formulas in the cell. I dont just want answers. I want you to put formulas into the cell. Also show your calculations. I need it to go all the way down to 48. I need help with putting the formulas in the cell so it can auto fill the rest of the cells. Dont just put in the numbers like I did.
012 A 1 2 3 4 Loan $312,000 Interest Rate 13.30% Lifelyears) Date of Loan January 1, 2020 Payment pay interest ($41,599.77) ($1,996,788.77) ($1,684,788.77) Interest Total Pay Prin Pay $312,000 $311,896 $311,778 $104 $41,496 $41,482 Cash Flow Owe $312,000 ($ 41,600) ($ 41,600) ($41,600) ($41,600) ($41,600) ($41,600) ($41,600) ($41,600) ($ 41,600) ($41,600) ($41,600) ($41,600) ($ 41,600) ($41,600) ($41,600) ($41,600) ($41,600) ($41,600) ($41,600) ($41,600) ($41,600) ($ 41,600) ($41,600) ($ 41,600) ($41,600) ($41,600) 1$41.600) $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41.600 $312,000 ($41,600) ($41,600) ($41,600) ($ 41,600) ($41,600) ($41,600) ($41,600) ($ 41,600) ($41,600) ($41,600) ($41,600) ($ 41,600) ($ 41,600) ($41,600) ($41,600) ($41,600) ($ 41,600) ($ 41,600) ($ 41,600) ($41,600) ($ 41,600) ($41,600) ($ 41,600) ($ 41,600) ($41,600) ($41,600) ($ 41,600) ($ 41,600) ($ 41,600) ($41,600) ($41.600) 15 2 3 4 5 6 You borrow money on a self liquidating installemnt loan (equal payments at the end of each year, each payment is part principal part interest) Loan $312,000 Interest Rate 13.30% Life (years) 48 Date of Loan January 1, 2020 9 Use the installment method - not straight line 10 Do NOT round any interrmediate numbers. 11 Do NOT turn this into a monthly problem. 12 13 a) What is the annual payment? 14 b) What are the total interest payments? 15 c) After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? 16 d) After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? 18 Redo the problem if the interest rate is 3.00% 20 (for a well designed spreadsheet this should take 30 seconds) 22 e) What is the annual payment? 23 ) What are the total interest payments? 24 g) After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? 25 h) After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)