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Function: PMT; Cell referencins: Problem 6.13 - Computing Annulty Payment: PROBLEM The Elkridge Bar & Grill has a seven-year loan of $23,500 with Bank of

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Function: PMT; Cell referencins: Problem 6.13 - Computing Annulty Payment: PROBLEM The Elkridge Bar \& Grill has a seven-year loan of $23,500 with Bank of America. It plans to repay the loan in seven equal installments starting today. The interest rate is 8.4%. Loan Period Loan Amount Interest Rate Student Work Area Required: Provide input into cells shaded in gray in this template. Use the PMT function with cell references to the Problem area. Answer the following: If the rate of interest is 8.4%, how much will each payment be. Payment

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