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How to use VBA formula to calculate monthly loan payment? Imagine that you borrowed $30,000 through a home equity loan with a variable rate. The

How to use VBA formula to calculate monthly loan payment?
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Imagine that you borrowed $30,000 through a home equity loan with a variable rate. The loan is non-amortizing (the payment will be only interest now, with the principal being paid in a lumpsum at the end of the loan term). The monthly payment will be based on the larger of: 1) The prime rate, or, 2) 6.00% APR Create a VBA function to calculate the loan's payment. Test it out on the dataset provided. When finished, share your file with me via Google Drive (as an XLSM file)

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