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Please solve using excel with the format picture attached Problem 5.1 Data Table Step 1: You are doing research to find the best place to
Please solve using excel with the format picture attached
Problem 5.1 Data Table Step 1: You are doing research to find the best place to take out a loan. You will not begin paying off your loan for 14 months. Fill in the highlighted yellow cell with the correct formula to determine how much your loan will be worth when you begin paying it off. (8 points) Step 2: Since you are shopping around at several places you need to make a data table such that you can easily looking up the values that you will owe when you begin to pay off your loan under different circumstances. Follow the format provided in the "Part1" worksheet. (7 points) $ 10,000.00 Total Borrowed Annual Interest Rate 10% Total Borrowed $ 5,000.00 | $ 6,000.00 | $ 7,000.00 | $ 8,000.00 | $ 9,000.00 | $ 10,000.00 | $ 11,000.00 | $ 12,000.00 1% 2% 3%| 5% Annual Interest Rate 6% 7% 8% 9%| 10% 11% Problem 5.1 Data Table Step 1: You are doing research to find the best place to take out a loan. You will not begin paying off your loan for 14 months. Fill in the highlighted yellow cell with the correct formula to determine how much your loan will be worth when you begin paying it off. (8 points) Step 2: Since you are shopping around at several places you need to make a data table such that you can easily looking up the values that you will owe when you begin to pay off your loan under different circumstances. Follow the format provided in the "Part1" worksheet. (7 points) $ 10,000.00 Total Borrowed Annual Interest Rate 10% Total Borrowed $ 5,000.00 | $ 6,000.00 | $ 7,000.00 | $ 8,000.00 | $ 9,000.00 | $ 10,000.00 | $ 11,000.00 | $ 12,000.00 1% 2% 3%| 5% Annual Interest Rate 6% 7% 8% 9%| 10% 11%Step by Step Solution
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