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please provide answer with formula A B C D E F G H K L M N P R S T U 20 pts. Loan
please provide answer with formula
A B C D E F G H K L M N P R S T U 20 pts. Loan Amt: Build a model that shows the details of the standard 30-year mortgage when the loan APR: amount, APR & loan date are given, and payments are due at the end of each month. Loan Date: For the date, assume that - althought payments are due the end of each month - they are actually made on the first workday of each month (disregarding federal holidays). Monthly Payment Amount: Total Interest: after 360 months Last Payment Date: First workday [ disregard Principal balance before bank holidays] of each the payment is made. Principal balance after Pmt# Date Beg. Bal. Payment Principal Interest End. Bal. the payment is made. Please make sure you read the comments for each column first. IN P The values for the Date column needs to be generated based on the Loan Date and Pmt# You will need to combine the extraction of the parts of dates to create the date for each row For example, if the Loan Date is 9/9/2020 then the first pmt dates are 10/1/2020, 11/2/2020,12/1/2020,. The other columns are amounts of dollars. Do not change the [type] value for any financial functions - leave the default. Just three input values are needed to generate a detailed payment schedule. 22Go to the Office of Personnel Management (opm.gov) site: https://www.opm.gov/policy-data-oversight/pay-leave/federal- Year: e.g. 2024, this has to be hard-coded separately from the list below holidays/ and update the dates of federal holidays for 2024. Next, use this list of dates to determine the number of workdays and Workdays: Work hours: assume 8 hours per day and calculate based on workdays workhours in 2024. Assume that all Saturdays, Sundays and federal holidays are non-work days and that a work day is 8 hours. Check your model using a different year with the same number of federal holidays (e.g. 2023). Date Holiday New Year's Day full date, e.g., 1/1/2024 Birthday of Martin Luther King, Jr. Washington's Birthday Memorial Day Juneteenth National Independence Day Independence Day Labor Day Columbus Day Veterans Day Thanksgiving Day Christmas DayStep by Step Solution
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