What formula can I use to recreate this table in excel? Table 7.5 Spreadsheet Kappa's Planned Debt and Interest PaymentsYear202120222023202420252026Debt and Interest Table ($ 000)1Outstanding Debt100,000 100,000 100,000 115,000 120,000 120,0002 Interest on Term Loan6.80%(6,800)(6,800)(6,800)(7,820)(8,160)

This table uses a simple interest formula which is given as follows, Interest amount = outstanding…

Answered: Table 7.5 Spreadsheet Kappa's Planned…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Table 7.5 Spreadsheet Kappa's Planned Debt and Interest Payments Year 2021 2022 2023 2024 2025 2026 Debt and Interest Table ($ 000) 1 Outstanding Debt 100,000 100,000 100,000 115,000 120,000 120,000 Interest on Term Loan 6.80% (6,800) (6,800) (6,800) (7,820) (8,160)