Bronco Bank makes used car loans to individual customers. All loans are for two years and require the customer to make o

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Bronco Bank Makes Used Car Loans To Individual Customers All Loans Are For Two Years And Require The Customer To Make O 1 (57.6 KiB) Viewed 8 times

Bronco Bank makes used car loans to individual customers. All loans are for two years and require the customer to make one payment at the end of every month. Requirements: 1. Create a user input section at the top of the worksheet where the user can input the amount of the loan and the annual interest rate. a. Pretend you are the user. Enter any loan amount that you wish. b. Pretend you are the user. Enter any annual interest rate that you wish. 2. Create an amortization schedule for the loan. a. You must include columns for the following items: period, beginning principal, payment, principal reduction, interest, and ending principal. 3. Create a second user input section, to the right of the first input section, where the user can input a starting period and an ending period. a. Pretend you are the user. Enter any starting and ending period for the loan that you wish. b. Calculate the cumulative principal payments for the periods input by the user. c. Calculate the cumulative interest for the periods input by the user. 4. Calculate the total interest the customer will pay over the life of the loan.