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How would I write the IF function in excel based on the following information? If the monthly payment of a property is greater than $300,000,

How would I write the IF function in excel based on the following information?

If the monthly payment of a property is greater than $300,000, the company will give the buyer a 1% discount of the selling price.

Selling Price $75,520,000 ,

Monthly payment $528,046.80

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