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1 9 . Open the Solver and set an objective of 7 0 0 for the loan payment ( cell B 1 0 ) by
Open the Solver and set an objective of for the loan payment cell B by changing the annual
interest rate cell B and the loan duration cell B
Add a Solver integer constraint for the loan duration cell B
Run the Solver to solve for the solution. Keep the solution but do not generate any reports.
Create a formula in cell B that calculates the cumulative principal repaid on the loan after year
of payments. Assume that loan payments are made at the end of the payment period
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