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Could you please help me find the formula we would us to calculate the values of cells D5 and D6 Seek command in Excel to

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Could you please help me find the formula we would us to calculate the values of cells D5 and D6

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Seek command in Excel to nd the net borrowing cost for this package by including the annual fee (expressed as a rate p.a. compounded monthly). Please refer to table 3 for his calculations. Table 3: Jimmy's Excel spreadsheet. A C D Borrowed amount Net borrowing 1.3388% cost per month Interest rate 5612 Net borrowing 16.066% cost 3'12 Interest rate per Present value of $346.6621 month the management fee by using net borrowing rate Number of Present value of 8000.00 repayments net cost Number of interest-only payments Management fee Loan repayment for the rst three months Loan repayment $80 34242460 for the following 21 months a. [ 3 marks] Give the Excel cell formulae you would use to calculate the value of cells D5 and D6. b. [ 2 mark] Give the Excel cell formulae you would use to calculate the value of cell D3. c. [ 3 mark] Give the Excel cell formula you would use to calculate the value of cell D4. d. [ 3 marks] Describe the steps J immy used to generate his result in cell D1 using Goal Seek

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