Your friends were excited to hear you have chosen accounting for a career. They have several practical questions regarding money and interest (time value of money). Please assist your friends by answering their respective questions. For each question: A. Estimate without using a text table, business calculator, or EXCEL formula functions, etc. B. Document the "step-by-step" detail showing them how you solved the question. NOTE: To solve use one of the following: EXCEL formula functions => i.e. =pmt(rate,nper,pv.lfv],[type]) Business calculator Text tables (not recommended). Include all the detail steps for whichever tool you choose. For example, if using EXCEL show all formulas (copy so reader could duplicate your work). If using a business calculator, in detail in proper order show numbers and buttons you input to obtain your answer. C. Provide a one to three sentence written explanation to your friend explaining the basic time value of money concept(s) impacting the solution. Friend #3 - Home Mortgage Payment - I found my dream house in St. Paul but I am not sure ! can afford it? I have the $15,000 for the down payment but it is the monthly payments that I am not sure about? What will my monthly payments be? Selling price: $215,000 Down payment: $15,000 Loan: 30-year $200,000 loan at 6% A. 8