Please type out formula

Please do math in excel if possible

17. You are a contractor and you are not receiving rent as youre developing a property, so you would like to minimize your monthly mortgage payment. Therefore, you decide on a negative amortization loan. The loan amount is $1,500,000 with a 5% interest rate. The term is 25 years. The monthly payment is $5,000. There will be a balloon payment after five years. After three years, what is the outstanding balance of this loan?