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Emily wants to buy a home, and is considering several financing options. Emily plans to borrow $210,000 with monthly payments. 1) Calculate the amount of

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Emily wants to buy a home, and is considering several financing options. Emily plans to borrow $210,000 with monthly payments. 1) Calculate the amount of each mortgage payment using the PMT function. 2) Calculate the total amount of mortgage payments and 3) the total amount of interest paid over the term of the mortgage under the following financing options. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cell address(es). Entering a value will be marked as incorrect. Mortgage amount Payments per year Click on the "Loans PMT" tab and enter your name in Cell C1. If Cell C1 is left blank, you will not be able to see your score. Each yellow cell requires a formula. The formula must only contain cell addresses. Each correct formula will begin with =,+, or . The basic mathematical operators are +,, and / Addition: To add the values in cells A1 and B4, the formula is =A1+B4 Subtraction: To subtract the value in cell B4 from the value in cell A1, the formula is =A1-B4 Multiplication: To multiply the values in cells A1 and B4, the formula is =A1B4 Division: To divide the value in cell A1 by the value in cell B4, the formula is =A1/B4 Using the PMT function: The PMT function has the following syntax: =PMT (Rate, Nper,Pv,Fv, Type) Note: To return the payment as a positive value, you must include a negative sign, either before the PMT or as a negative PV amou Emily wants to buy a home, and is considering several financing options. Emily plans to borrow $210,000 with monthly payments. 1) Calculate the amount of each mortgage payment using the PMT function. 2) Calculate the total amount of mortgage payments and 3) the total amount of interest paid over the term of the mortgage under the following financing options. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cell address(es). Entering a value will be marked as incorrect. Mortgage amount Payments per year Click on the "Loans PMT" tab and enter your name in Cell C1. If Cell C1 is left blank, you will not be able to see your score. Each yellow cell requires a formula. The formula must only contain cell addresses. Each correct formula will begin with =,+, or . The basic mathematical operators are +,, and / Addition: To add the values in cells A1 and B4, the formula is =A1+B4 Subtraction: To subtract the value in cell B4 from the value in cell A1, the formula is =A1-B4 Multiplication: To multiply the values in cells A1 and B4, the formula is =A1B4 Division: To divide the value in cell A1 by the value in cell B4, the formula is =A1/B4 Using the PMT function: The PMT function has the following syntax: =PMT (Rate, Nper,Pv,Fv, Type) Note: To return the payment as a positive value, you must include a negative sign, either before the PMT or as a negative PV amou

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