0 valties 3 6 1. What is the monthly payment on a fixed rate, 30-year, fully amortizing loan for $600,000 at 75.5%? (use PMT function) 3 9 Loan Amount Answer 0 Years 1 Periods Per Year 2 Interest Rate 3 5 2. What is the balance at the end of year 7 on the loan in the previous question? (use the PV 6 rule on Page 15 of the Time Value of Money Primer from Module 3) 7 8 Loan Amount Answer -9 Years 0 Periods Per Year 1 Interest Rate 2 Balance Month 3 4 5 3. What is the monthly payment on a loan for which the accrual rate equals the pay rate if the 6 loan amount is $800,000, the term is 30 years, and the interest rate is 6.4%? (Use the 7 syntax described on Page 11 of the Module 4 reading assignment.) 8 9 Loan Amount Answer 0 Years 1 Periods Per Year 2 Interest Rate 3