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Based on your actual budget, determine the monthly payment for a car or condo/house you plan to purchase in December 2021. The Tasks: Search the
Based on your actual budget, determine the monthly payment for a car or condo/house you plan to purchase in December 2021.
The Tasks:
- Search the internet for a car or condo/house you plan to purchase in December 2021.
- Determine the down payment based on the price quoted from the dealer or realtor.
- Use your credit score to determine the interest rate that you qualify.
- Based on your budget and anticipated income, if any, determine the length of time that you plan to pay off the car or condo/house.
- Use the PMT function to determine the monthly payment and create an amortization table for the length of time to own the car or pay off the condo/house.
- Format the spreadsheet using Currency Number formatting with the dollar sign. Use any cell styles, alignment, font options, colors, and borders as you see fit.
Please use a hypothetical budget and show me how it should look on Excel and how do the PMT functions please
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