No need for excel handwritten answers will be enough![EXCEL Question 3 (Annuity with decreasing payments) (3marks] Construct an EXCEL spreadsheet, which projects cash flows of an](http://img.homeworklib.com/questions/cd88b9c0-7a1a-11ea-b658-d9ed70c3fa07.png?x-oss-process=image/resize,w_560)
Homework Answers
| Year | Cash flow |
| 1 | 15000 |
| 2 | 14750 |
| 3 | 14500 |
| 4 | 14250 |
| 5 | 14000 |
| 6 | 13750 |
| 7 | 13500 |
| 8 | 13250 |
| 9 | 13000 |
| 10 | 12750 |
| 11 | 12500 |
| 12 | 12250 |
| 13 | 12000 |
| 14 | 11750 |
| 15 | 11500 |
| 16 | 11250 |
| 17 | 11000 |
| 18 | 10750 |
| 19 | 10500 |
| 20 | 10250 |
| 21 | 10000 |
| 22 | 9750 |
| 23 | 9500 |
| 24 | 9250 |
| 25 | 9000 |
| Present value | $ 1,62,757.05 |
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No need for excel handwritten answers will be enough
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schedule for a 30 year, fixed rate (4.58%) $200k loan. Answer the
following: what is the monthly payment? how much total interest
will you pay? Print out enough of your spreadsheet to defend your
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