Enter a valid excel formula or function in each of the yellow cells below. formulas must refer to cell address(es)
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 =A1*B4 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 On January 1, 2020 the Company borrows $170,000 cash by signing a 2-year, 6%, installment note, with quarterly interest payments. 1) Calculate the amount of each payment using the PMT function. 2) Prepare the amortization schedule for the loan. 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. Loan amou $170,000 Term (years 2 Annual inte 6% Payments per year 4 1) What is the amount of each quarterly loan payment?. The PMT function must be used, and formula must return a positive value. 2) Complete the amortization schedule for this note. All formulas must return a positive value. Quarterly Interest Beginning Debit Interest Debit Notes Credit Cash Ending Period Balance Expense Payable Balance 0 Totals $0.00 $0.00 $0.00wants to buy a home. and is considering several nancing options. plans to borrow $290,000 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 nancing 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 a Payments per year . "mags ..... um... I wants to buy a car and is considering several nancing options. The car ' wants to buy costs $27,000. 1) Calculate the amount of each monthly car payment using the PMT function. 2) Calculate the total amount of the car payments and 3) the total amount of interest paid over the term of the loan under the following nancing 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. Amount n: Payments per year
