Use excel to calculate the total interest on a $ 731,242 loan for a small business making monthly payments with an interest rate of 4% over 20 years. Round your answer to the nearest hundredth and enter your answer as a positive number. Please help I do not have excel

Need hood explanation, don’t use excel please. Tsinoor takes out a loan of $6800. He will repay the loan over 5-years with semi-annual payments of $816 (first payment due in 6-months). Using linear interpolation, what rate of interest, j2 is being charged on the loan?

Use Excel to calculate the total interest on a $896,861 loan for a small business making monthly payments with an interest rate of 4% over 30 years. Round your answer to the nearest hundredth. Enter your answer as a positive number.

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A borrower has two alternatives for a loan: (1) issue a $570,000, 90-day, 7% note or (2) issue a $570,000, 90-day note that the creditor discounts at 7%. Assume a 360-day year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Compute the amount of the interest expense for each option. Round your answer to the nearest dollar. for each alternative. b. Determine the proceeds received by the borrower in each situation. Round your answers to the nearest dollar. (1) $570,000, 90-day, 7% interest-bearing note: $ (2) $570,000, 90-day note discounted at 7%: $ c. Alternative is more favorable to the borrower because the borrower

Typing only

If you are attempting these questions  ...then solve for both images

I keep getting EAR wrong

Solve on white page correctly. Not use excel