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Please solve for all the parts of the question and I will rate your answer with a thumbs up. Thank you. Q2-RK took out a

Please solve for all the parts of the question and I will rate your answer with a thumbs up. Thank you.
Q2-RK took out a mortgage which requires him to pay $70,000 for the next 8 years. Assume an interest rate of 8%. 1. Determine the present value of RK's payments. (5 pts.) 2. Construct a table using Excel indicating the loan balance remaining outstanding, the interest payment on the loan, and the reduction in the loan balance. (10 pts.)

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