Discuss how you could apply these tools and functions in your personal or work life. Choose one bullet listed below and explain and also include a reason to use in your worksheet for your bullet from the following:Choose one from the following:• Work with financial functions to analyze loans and investments • Create an amortization schedule • Calculate interest and principal payments for a loan or investment • Perform calculations for an income statement • Interpolate and extrapolate a series of values • Calculate a depreciation scheduleDetermine a payback period • Calculate a net present value • Calculate an internal rate of return • Trace a formula error to its source or When tracing an error with the auditing tools, what do red tracer arrows indicate? or What is the purpose of the Watch Window?
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