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i need help coming up with these formulas. would appreciate someone helping me out here 4. Liam needs to calculate the monthly payment for a
i need help coming up with these formulas. would appreciate someone helping me out here 4. Liam needs to calculate the monthly payment for a loan to purchase the Charles Street property. Calculate the payment as follows: a. In cell D6. start to enter a formula using the PMT function. b. For the rate argument, divide the Rate (cell D4) by 12 to use the monthly interest rate. c. For the nper argument, use the Term_in_Months (cell D5) to specify the number of periods. d. For the pv argument, use the loan Amount (cell B8) to include the present value. e. Insert a negative sign (-) after the equal sign in the formula to display the result as a positive amount. X Create a formula using a function. In the Loan Calculator worksheet, the formula in cell D6 should contain the PMT function. 5. In cell D7. enter a formula without using a function that multiples the Monthly Payment (cel D6) by the Term_In_Months (cel Ds) and then subtracts the loan Amount (cell B8) from the result to determine the total interest. X Create a formula In the Loan Calculator worksheet, the cula in cell D7 should calculate the total interest of the loan. 6. In cell DB, enter a formula without using a function that adds the Price (cell B6) to the Total_Interest (cel D7) to determine the total cost. X Create a formula. In the loan Calculator worksheet, the formula in cell De should calculate the total cost of the loan. 4. Liam needs to calculate the monthly payment for a loan to purchase the Charles Street property. Calculate the payment as follows: a. In cell D6. start to enter a formula using the PMT function. b. For the rate argument, divide the Rate (cell D4) by 12 to use the monthly interest rate. c. For the nper argument, use the Term_in_Months (cell D5) to specify the number of periods. d. For the pv argument, use the loan Amount (cell B8) to include the present value. e. Insert a negative sign (-) after the equal sign in the formula to display the result as a positive amount. X Create a formula using a function. In the Loan Calculator worksheet, the formula in cell D6 should contain the PMT function. 5. In cell D7. enter a formula without using a function that multiples the Monthly Payment (cel D6) by the Term_In_Months (cel Ds) and then subtracts the loan Amount (cell B8) from the result to determine the total interest. X Create a formula In the Loan Calculator worksheet, the cula in cell D7 should calculate the total interest of the loan. 6. In cell DB, enter a formula without using a function that adds the Price (cell B6) to the Total_Interest (cel D7) to determine the total cost. X Create a formula. In the loan Calculator worksheet, the formula in cell De should calculate the total cost of the loan
i need help coming up with these formulas. would appreciate someone helping me out here
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