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PLEASE SOLVE USING EXCEL FORMAT WITH FUNCTIONS SHOWING.

You just took a $315,000, 30-year loan. Payments at the end of each month are flat (equal in every month) at an annual interest rate of 3.75 percent.

a) Calculate the monthly payment.

b) Provide the appropriate loan table, showing the breakdown in each month between principal repayment and interest.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92762415

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