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Can someone help me solve this using PMT Function? AutoSave off CH25Homework_Questio... Saved to this PC Search Leah Vazquez File Home Insert Page Layout Formulas
Can someone help me solve this using PMT Function?
AutoSave off CH25Homework_Questio... Saved to this PC Search Leah Vazquez File Home Insert Page Layout Formulas Data Review View Automate Help Paste Liberation Sans 12AA \% Font Alignment y Number \} fx=PMT(C9,C10,C11) J13:fx=PMT(C9,C10,C11) 12 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 E Required: Provide input into cells shaded in yellow in this template. Use the PMT function with cell references in part a to the Problem area. Input cell references in parts b and c. In part c, use mathematical formulas with cell references to the Problem area to calculate both debit amounts, and a cell reference to the Cash amount you calculated in part a. a. Verify the annual mortgage payment amount using Excel's PMT function. Verification of payment using PMT $(21,189) b. Record the journal entry for mortgage loan on December 31, 2022. c. Record the journal entry for the first installment payment on December 31,2023. \begin{tabular}{c|rrr} Date & & Debit & \multicolumn{1}{c}{ Credit } \\ \hline 12/31/23 & Interest Expense & 13,020 & \\ & Mortgage Payable & 786,980 & \\ & Cash & & 800,000 \end{tabular} Ready ix Accessibility: Investigate 92F Partly sunnyStep by Step Solution
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