Develop a general-purpose spreadsheet to calculatethe

Chapter , Problem 4-149

(choose chapter or problem)

Develop a general-purpose spreadsheet to calculatethe balance due, principal payment, and interest pay-ment for each period of a loan. The user inputs to thespreadsheet will be the loan amount, the number ofpayments per year, the number of years payments aremade, and the nominal interest rate. Submit printoutsof your analysis of a loan in the amount of $15,000 at8.9%nominalrate for36 months and for60 months ofpayments

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