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5. Excel. You are considering purchasing a new car and want to set up a worksheet to help you make a sound financial decision. (a)
5. Excel. You are considering purchasing a new car and want to set up a worksheet to help you make a sound financial decision. (a) Build a table in Excel that takes the car purchase price and down payment as inputs and computes your car payment for interest rates ranging from 2.99%,3.24%,,8.99% in 25 basis point increments and for loan terms ranging from 36,48,60,72,84 months. The table should update as you change the purchase price. (b) Build a table in Excel that takes your maximum monthly loan payment as the and computes the maximum loan amount for interest rates ranging from 2.99%,3.24%,,8.99% in 25 basis point increments and for loan terms ranging from 36,48,60,72,84 months. The table should update as you change the loan payment. 5. Excel. You are considering purchasing a new car and want to set up a worksheet to help you make a sound financial decision. (a) Build a table in Excel that takes the car purchase price and down payment as inputs and computes your car payment for interest rates ranging from 2.99%,3.24%,,8.99% in 25 basis point increments and for loan terms ranging from 36,48,60,72,84 months. The table should update as you change the purchase price. (b) Build a table in Excel that takes your maximum monthly loan payment as the and computes the maximum loan amount for interest rates ranging from 2.99%,3.24%,,8.99% in 25 basis point increments and for loan terms ranging from 36,48,60,72,84 months. The table should update as you change the loan payment
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