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Create an Excel spreadsheet that will help you analyze the need to take a bank loan to purchase something ( a house, a car, or

Create an Excel spreadsheet that will help you analyze the need to take a bank loan to purchase something

(

a house, a car, or any other items that you would like to purchase

) .

Use the financial functions PMT

,

IPMT, PPMT

,

,

and FV and the discussed Excel examples.

Create charts to represent changes in interest and principal over the course of monthly payments.

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