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Hi. I need help with this problem. Can anyone help me? Solveee all of the following problems with Excel. Please use formulas in excel to

Hi. I need help with this problem. Can anyone help me?

Solveee all of the following problems with Excel. Please use formulas in excel to solve. (2) (10 pts)

(a) Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month.

1. What initial principal will this repay?

(b) Assume annual car payments of $6000 for 4 years and an interest rate of 9% per year.

1. What initial principal will this repay?

(c) Assume monthly car payments of $500 per month for 4 years and an interest rate of 7% per

year.

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Solve all of the following problems with Excel. Please use formulas in excel to solve. (2) (10 p15) (a) Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month. 1. What initial principal will this repay? (b) Assume annual car payments of $6000 for 4 years and an interest rate of 9% per year. 1. What initial principal will this repay? (0) Assume monthly car payments of $500 per month for 4 years and an interest rate of 7% per year. 1. What initial principal will this repay? 2. Prepare a loan payment schedule showing the payments and interest for the life of the loan

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