QUESTION 18 From: PrincialasaLEin ancamith Enai andad. Benninga and Mofkad, 2018, 201 1 ' 2006 You just bought the first floor of the tamous "Egg-Plant Builcing for S250,000. You plan to rent the space bo conveniance stores. Your banker has oered you a motgage with the following terms: PART A Marlgage Principal Sove for the Monnly PaymenS: Tenm in Months: APR: Initiation Fee: Points: Points as a %: 250,D00.00 Use PMT function 8.00% 1,500.00 What is the EAIR of the Mortgage? Mornthly Rate Using Rate Funtction: EAIR Complete the Amortization Table USE THE IPMT and PPMT Functions BEG. PRINC PART B Check your EAIR by Filling in the C.F.Table and Calculating the IAAEAIR EAIA 10 12 13 15 16 17 18 21 23