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4 . Nadia needs to calculate the monthly payment for the loan to fund the law firm's transition to the cloud. In cell F 5
Nadia needs to calculate the monthly payment for the loan to fund the law firm's transition to the cloud. In cell F enter a formula using the PMT function. Insert a negative sign after the equal sign in the formula to display the result as a positive amount. Use defined names for the rate, nper, and pv arguments as follows:
rate argument: Divide the Rate by to use the monthly interest rate.
nper argument: Multiply the Term by to specify the number of months as the periods.
pv argument: Use the LoanAmount as the present value of the loan.
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