Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I NEED HELP WITH QUESTION ASAP!! PLEASE GIVE ME THE CORRECT ANSWER!! THANKS!! 6. The following loan data is entered into an Excel worksheet: Loan
I NEED HELP WITH QUESTION ASAP!!
PLEASE GIVE ME THE CORRECT ANSWER!!
THANKS!!
6. The following loan data is entered into an Excel worksheet: Loan Principal, cell B8, $200,000 APR, cell B9, 8% Terms, cell B10, 30 years Assume loan payments are made annually at the beginning of the year. Which of the following functions will accurately calculate the required annual payment for this loan? (assume the fy is 0 ) A. =PMT(B9/12,B1012,BB,0,0) B. =PMT(B9,B10,B8,0,1) C. =PMT(B8,B9,B7,0,1) D. =PMT(B9/12,B1012,B8,0,1) E. =PMT(B9,B10,BB,0,0) F. None of the answers are correct. G. =PMT(B8,B9,B7,0,0)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started