B C D E $300,000 2 Mortgage amount 3 Payments per year 4 Term (years) Annual interest rate 1) Monthly payment amount ($) 2) Total amount repaid over term ($) 3) Total interest paid over term ($) 5 6 7 8 9 10 25 20 30 25 10 0 9 0 9 5 11 0 Which formula correctly calculates the monthly payment on a 20 year 9 0 , $300 000 mortgage as a positive value Multiple Choice PMT(B7 $B$3,47 $B$3 $B$2) PMT(B7,47 82 PMT(B7 $B$3 97 $B$3 $B$2) PMT(B7 $B$3 A7 $B$3 $B$2) B C D E $300,000 2 Mortgage amount 3 Payments per year 4 Term (years) Annual interest rate 1) Monthly payment amount ($) 2) Total amount repaid over term ($) 3) Total interest paid over term ($) 5 6 7 8 9 10 25 20 30 25 10 0 9 0 9 5 11 0 Which formula correctly calculates the monthly payment on a 20 year 9 0 , $300 000 mortgage as a positive value Multiple Choice PMT(B7 $B$3,47 $B$3 $B$2) PMT(B7,47 82 PMT(B7 $B$3 97 $B$3 $B$2) PMT(B7 $B$3 A7 $B$3 $B$2)

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B C D E $300,000 2 Mortgage amount 3 Payments per year 4 Term (years) Annual interest rate 1) Monthly payment amount ($) 2) Total amount repaid over term ($) 3) Total interest paid over term ($) 5 6 7 8 9 10 25 20 30 25 10 0  9 0  9 5  11 0  Which formula correctly calculates the monthly payment on a 20 year  9 0 , $300 000 mortgage as a positive value  Multiple Choice  PMT(B7 $B$3,47 $B$3 $B$2)  PMT(B7,47 82   PMT(B7 $B$3 97 $B$3 $B$2)   PMT(B7 $B$3 A7 $B$3 $B$2) B C D E $300,000 2 Mortgage amount 3 Payments per year 4 Term (years) Annual interest rate 1) Monthly payment amount ($) 2) Total amount repaid over term ($) 3) Total interest paid over term ($) 5 6 7 8 9 10 25 20 30 25 10 0  9 0  9 5  11 0  Which formula correctly calculates the monthly payment on a 20 year  9 0 , $300 000 mortgage as a positive value  Multiple Choice  PMT(B7 $B$3,47 $B$3 $B$2)  PMT(B7,47 82   PMT(B7 $B$3 97 $B$3 $B$2)   PMT(B7 $B$3 A7 $B$3 $B$2)

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B C D E $300,000 2 Mortgage amount 3 Payments per year 4 Term (years) Annual interest rate 1) Monthly payment amount ($) 2) Total

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