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Please provide the excel file of the solution. UPLOAD THE EXCEL FILE PLEASE 2. (15 points). To offset the cost of buying a $75,000 house,

image text in transcribedPlease provide the excel file of the solution. UPLOAD THE EXCEL FILE PLEASE

2. (15 points). To offset the cost of buying a $75,000 house, a couple borrowed $12,500 from their parents at 6% per year compounded continuously. The loan from the parents is to be paid off in five years in equal monthly payments. The couple has saved $11,250, so their total Ou 9% nominal interest compounded monthly for 30 years. a Find the combined monthly payments that the couple will be making during the first five years. b) What is annual effective interest rate that the couple is paying to their parents and to the bank

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