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D E F H 1 J L M N a P R 1 1 GLACIER ICE CREAMERY 2 3 3 Loan Analysis Capital Improvements Improvements

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D E F H 1 J L M N a P R 1 1 GLACIER ICE CREAMERY 2 3 3 Loan Analysis Capital Improvements Improvements plus 2 New Stores S 1,000,000 S 2.000.000 5% 5% 0.4% 0.4% 2 2 6 24 72 4 Loan Amount 5 Interest Rate (APR) 6 Interest Rate (Monthly) 7 Loan Period (Years) 8 Loan Period (Months) 9 Monthly Payments 10 11 12 13 14 15 16 17 18 19 20 21 Task Instructions X 22 72 In cell B9, create a formula using the PMT function to calculate the monthly loan payment using interest rate, and loan period values in cells B4:38. Enter the formula with a - (negative) sign to return a positive value. 1 Loans Ready

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