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Hello, I am in need of assistance with using the What-If Analysis tool to show the how the different interest rates and number of years
Hello, I am in need of assistance with using the What-If Analysis tool to show the how the different interest rates and number of years changes the monthly payment.
2. Using the What If Analysis tool, construct a two-way data table that will determine what your monthly house payment will be for rates of 0.03, 0.035, 0.04, 0.045, 0.05, 0.055, 0.06, and 0.065 and years: 5, 10, 15, 20, 25, and 30 (20 points) A 1 Loan Amount 2 Annual Interest Rate 3 Number of Years 4 Monthly Payment 5 6 160102 0.05 21 ($1,027.40) Gener Interest Rate 9 Monthly Payment 0.03 0.035 0.04 0.045 0.05 0.055 0.06 0.065 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 20 Number of Years 5 Monthly Payment 5 10 15 20 25 30 Step by Step Solution
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