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1 . In Scenario 3 , Darius wants to know the total amount spent for a loan of $ 7 5 0 , 0 0
In Scenario Darius wants to know the total amount spent for a loan of $ at an annual interest rate of percent and a monthly payment of $
Calculate the future value of the loan for Darius as follows:
a In cell D enter a formula using the FV function to determine the future value.
b In the formula, use the monthly interest rate cell D as the rate, the term in months cell D as the nper, and the monthly payment cell D as the pmt
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