See Wall Street Journal, Tuesday, September 30, 2003: Personal Journal, Section D: Read the article, "A Car Loan That Outlasts Your Car." The article mentioned that a $20,000 loan with an 8% interest rate over 8 years instead of a 5% loan over 5 years will slash payments by approximately $100, but will add $4,500 to interest cost.

Problem:Set up amortization schedules for

A $30.000 car loan at a 6.5% interest rate over 8 years

B. A $30.000 car loan at a 3.5% interest rate over 5 years.

C. Calculate the exact difference in payments.

D. Comment on the article using your knowledge of the time value of money

**Please do it in excel with formula** Thank you