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You just graduated college with your Bachelors Degree and accepted a job offer at your dream company. You decided to celebrate by purchasing a Tesla

You just graduated college with your Bachelors Degree and accepted a job offer at your dream company. You decided to celebrate by purchasing a Tesla Model 3 Long Range as you need to drive a lot for work (see picture above) for $63,940. You have a 720 credit score, therefore you were able to get a 2.9% annual percentage rate (APR) on a 7 year loan. You will be making monthly payments starting September 1,2022. Using Excel, prepare a professional amortization schedule for the entire 7 years, by MONTH. It must include the payment and the total amount of interest you will pay by each month over the 7 years. (Hint: interest rates are annual, you must convert them to monthly and the periods must be in months, for example, how many months are in 7 years). The Excel cells must contain formulas when appropriate, I recommend cell referencing, and using both relative and absolute. Use the PMT function for the payment. DO NOT use the PPMT or the IPMT functions. DO NOT use an Excel Template, you must create this yourself.
You needed to show the beginning balance, interest, principle, payment and ending balance for each of the periods with Excel calculations for all periods.
Deliverables: One Excel file - named YOURNAME_ Excel ch 14.xlsx.
It will be the professional Excel Spreadsheet (using Excel formulas and doing the calculations in Excel). It MUST be an Excel file and be uploaded to this assignment.
the picture is what I have so far,I just want to make sure my answers are correct.
image text in transcribed

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