Excel Practice
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Excel Practice Exam This assignment has a total of 500 points. Complete the exam by placing all answers in the indicated cells. Do not insert rows or columns unless instructed to do so. The grader relies on the current worksheet structure. Amortization You have decided to purchase a new car. You plan to take out a loan to pay for the car. The loan amount is 18,900. You will pay an interest rate of 6.5% and plan to pay off the car in 48 months. You want to calculate the total amount of money and the total amount of interest you will pay over the course of the loan. To help you with these calculations, you decide to construct an amortization table. An amortization table provides details about the payment, interest amount, principal amount, and loan balance for every month of the loan....