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What are the excel functions for: New WingLoan Worksheet 1. Calculate the number of loan payments, the monthly payment, the total amount to be paid,

What are the excel functions for:image text in transcribedimage text in transcribed

New WingLoan Worksheet 1. Calculate the number of loan payments, the monthly payment, the total amount to be paid, and the total interest to be paid for a loan for a new wing to the museum. Use excel functions in functions library ribbian section. 2. Construct a loan amortization schedule in cell range C12:G131 The museum must also track various exhibits and manage the construction of them. File Home Insert Page Layout Formulas Data Review X 11 ab Currency Gill Sans MT BIU View Developer Conditional Formatting Format as Table Cell Styles $ %) Paste AP . y E == 60 00 .00 Clipboard Font Alignment Number Styles G5 D G H E F Calculated Values Number of Payments Monthly Payment Total of Payments Total Interest Paid A B 4 Input Variables 5 Amount of Loan $600,000 6 Interest Rate 3.25% 7 Term of Loan (years) 10 8 Payments per Year 12 9 Starting Date of Loan 6/1/2021 10 Beginning 11 Period Date Balance 12 16/1/2021 13 2 7/1/2021 14 3 8/1/2021 15 4 9/1/2021 16 5 10/1/2021 17 6 11/1/2021 18 7 12/1/2021 Remaining Balance Payment Interest Principal 19 8 1/1/2022 20 9 2/1/2022 10 3/1/2022 21 22 23 24 25 26 27 28 Il 4/1/2022 12 5/1/2022 13 6/1/2022 14 7/1/2022 15 8/1/2022 16 9/1/2022 17 10/1/2022 18 11/1/2022 19 12/1/2022 20 1/1/2023 21 2/1/2023 22 3/1/2023 23 4/1/2023 24 5/1/2023 29 30 31 32 33 34 35 Tucson Sedona AllLocations LookUps NewWing ... 1 Ready FA

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