Question
Please show how do do in excel and show how you got the numbers with formulas and the seperate parts for each of the 4
Please show how do do in excel and show how you got the numbers with formulas and the seperate parts for each of the 4 questions thanks
1. Your firm borrows $150,000 to expand the current offices. The bank agrees to a loan term of 4 years, with quarterly payments. The APR is 8%. Create an amortization table for the loan, showing the interest and principal payments each month for the entire term of the loan. (In Excel. show formulas)
2. Using the information from Q1, what will be the interest deduction for tax purposes in the first year of the loan?
3. You just deposited $2,500 in a bank account that pays a 4.0% nominal interest rate, compounded quarterly. If you also add another $5,000 to the account one year (4 quarters) from now and another $7,500 to the account two years (8 quarters) from now, how much will be in the account three years (12 quarters) from now?
4. Your uncle will sell you his bicycle shop for $250,000, with seller financing, at a 6.0% APR. The terms of the loan would require you to make 12 equal end-of-month payments per year for 4 years, and then make an additional final (balloon) payment of $50,000 at the end of the last month. What are your equal monthly payments?
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