Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how do I get # of years, Total periods, Total paid and Total interest paid. ( give with excel formula) Find the Interest and Time

image text in transcribed

how do I get # of years, Total periods, Total paid and Total interest paid. ( give with excel formula)

Find the Interest and Time with Additional Payment rate 0.0329 # years # periods per year 12 rate per period 0.002741667 total periods payment per period $361.96 additional payment per period $100.00 total payment per period $461.96 loan amount $20,000.00 total paid total interest paid

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Investigation And Forensic Accounting

Authors: George A Manning

3rd Edition

0367864347, 9780367864347

More Books

Students also viewed these Accounting questions

Question

=+c) Do you find evidence of a seasonal effect? Explain.

Answered: 1 week ago