6. Provide an explanation of the amortization table in terms of the involved calculations and...
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6. Provide an explanation of the amortization table in terms of the involved calculations and specify how you may use Excel functions to validate these calculations in the cases of: 1. Pay a given payment throughout all periods. 2. Pay only interest throughout all periods. 3. Pay a balloon loan with a payment more than the interest payment. 4. Pay a balloon loan with a payment less than the interest payment. 5. Pay a bullet loan. 6. Pay the principal equally distributed throughout the loan period. Provide an excel file where you can demonstrate the above cases compressing them only into TWO cases. Use as a loan $50,000 for four years paid monthly
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