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1) Using Excel PMT function calculate the monthly payment Amount-$300,000, term-25 years, interest rate-6% per year. 2) Calculate the outstanding balance after 3 years using

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1) Using Excel PMT function calculate the monthly payment Amount-$300,000, term-25 years, interest rate-6% per year. 2) Calculate the outstanding balance after 3 years using CUMPRINC function 3) Calculate the time to payoff the debt using NPER function

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