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I need the excel formula, please. Calculating loan payments - Excel 5 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Arial -
I need the excel formula, please.
Calculating loan payments - Excel 5 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Arial - 12 - A A Paste BIU- Alignment Number Cells Conditional Format as Cell Formatting - Table - Styles - Styles Clipboard Font . D6 y 79500 A B D F 1 L . 1 2 3 You want to buy a new sports coupe for $79,500, and the finance office at the dealership has quoted you an APR of 5.8 percent for a 60-month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan? 4 $ 7 Cost of Car Discount rate # of years # of times compounded per year 79,500 5.8% 5 12 10 11 12 Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. Payment 13 14 15 16 17 18 19 Effective interest rate Sheet1 READY E E + 100% Attempt(s) HintStep by Step Solution
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