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2 7 . Bao has three other options for purchasing the distribution center. In the first scenario, he would pay off the loan in 1
Bao has three other options for purchasing the distribution center. In the first scenario, he would pay off the loan in years at an interest rate of percent. He wants to determine the monthly payment for the first scenario.
In cell G insert a formula using the PMT function using the monthly interest rate cell G the loan period in months cell G and the loan amount cell G to calculate the monthly payment for the Years scenario.
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