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how do i do this in excel? Finance Functions Should I pay $11,100 today for a copier or $200 a month for 5 |years? Answer
how do i do this in excel?
Finance Functions Should I pay $11,100 today for a copier or $200 a month for 5 |years? Answer this question in two ways: 1. Making payments at the beginning of the month 2. Making payments at the end of the month. Assume an interest rate of 3.5% annually. Build a 'model' so that the user can change these parameters as needed. Show both formulas and label them clearly. In each case state what the user should do (i.e., pay $11,100 now or make monthly payments)Step by Step Solution
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