15. Use the Loan worksheet to complete the loan amortization table. - In cell F2, insert the IPMT function to calculate the interest for the first payment. Copy the function to the range F3:F25. (The results will update after you complete the other functions and formulas.)16. In cell G2, insert the PPMT function to calculate the principal paid for the first payment. Copy the function to the range G3:G25.17. In cell H2, insert a formula to calculate the ending principal balance. Copy the formula to the range H3:H25.18. Now you want to determine how much interest was paid during the first two years. - In cell B10, insert the CUMIPMT function to calculate the cumulative interest after the first two years. Make sure the result is positive.19. In cell B11, insert the CUMPRINC function to calculate the cumulative principal paid at the end of the first two years. Make sure the result is positive.20. You want to perform a what-if analysis to determine the rate if the monthly payment is $1,150 instead of $1,207.87. ### Loan Information SpreadsheetThis spreadsheet provides details about a loan and explores different payment strategies.#### Loan Details- **Principal Value (Loan PV):** $75,000.00- **Annual Percentage Rate (APR):** 5.00%- **Monthly Rate:** 0.42%- **Loan Term:** 5 Years- **Number of Payments (NPER):** 72 months- **Monthly Payment:** $1,207.87#### Payment BreakdownThe table tracks each payment with columns for:- **Payment #:** Sequential number of payments.- **Beginning Balance:** Starting balance before payment.- **Interest:** Interest amount for each period.- **Principal:** Portion of payment applied to principal.- **End Balance:** Resulting balance after payment.The cells for these details are currently unfilled.#### Cumulative Totals After Year 2- **Interest:** Empty cell intended for total interest paid by the end of Year 2.- **Principal Paid:** Empty cell to accumulate principal payments by the end of Year 2.#### Alternative Payment Goal- **Target Monthly Payment:** $1,150.00To achieve this target:- **Monthly Rate Needed:** Determines what adjusted monthly interest rate is required.- **APR Needed:** Calculates the necessary annual percentage rate.All related values for this scenario are unfilled. This exploration helps assess different financial strategies.

HERE IS THE ANSWER:- EXCEL SHEET:-

Answered: 15 Use the Loan worksheet to complete…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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INSERT INTO Athletics VALUES((100, 'Samuel', 'David', '1967-11-17', '23',1967-11-20); INSERT INTO Athletics VALUES((110, 'Mario', 'Cassius', '1967-11-13', '22',1967-11-20 ); INSERT INTO Athletics VALUES((104, 'Mario', Ace', '1967-12-31', '26',1967-11-20 ); INSERT INTO Athletics VALUES((123, 'Cristisno', 'Ronny', '1965-11-13', '28',1967-11-20 ); INSERT INTO Athletics VALUES((110, 'Harx', 'Wale', '1964-11-12', '20',1967-11-20 ); QUESTION Create a stored procedure named sp_InsertAthleteDetails, which enters details into the Athletics table by using 4 parameters for the first four columns in the Athletics table. Set No Count on.
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Function is given:-

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