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Display the Condo Purchase worksheet. In cell B 5 , insert the PMT function using the data from the range B 2 :B 4 -

Display the Condo Purchase worksheet. In cell B5, insert the PMT function using the data from the range B2:B4-be sure to divide the interest rate by 12 multiply the years by 12 and display the payment as a positive number. The result, $6,598.44, is larger than the maximum payment of $6,250.

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