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please show me the functions in excel, and the calculation of the Loan Amount and total and the table. Cost of Home: $325,000.00 Down Payment:
please show me the functions in excel, and the calculation of the Loan Amount and total and the table.
Cost of Home: $325,000.00 Down Payment: $65,000.00 Loan Amount: 8 of Payments +25/Month: Payment Number Amoun 13 21 Ctrl+ Left click 22 10 Scroll to the first 3hcct, 23 24 Right click Total Interest: Amount of Payment To: Total of nt. & nterest ncl nc. nstruction 1) Calculate the amount you need to borrov. 2) Calculate the loan payment using the information provided. (Read carefully!) 3) How many payments would you make if you paid $25 per month more than required? 4) Fill in the lable to the left. Use the following information as necessary: 4a) The intormation in the range d13:d24 is the number of the payment in the sequence. 4b) The information in these rage e13:E24 is that amount of the payment each month- 4c) Calculate the principle amount, the amount the loan balance is reduced each month, ng the PPMT function. 4d) Calculate the interest amount, the amount of the payment hat goes to interest each month, using the IPMT function. 4e) Confirm you have done this correctly by ensuring the amount of interest plus principle is equal to the amount you paid that month. 5) Provide the total amount ot interest paid during this tirst ycar of the mortgageStep by Step Solution
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