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I saw that this question was answered already but the formula is all WRONG so please I need the correct formula, te correct answer and
I saw that this question was answered already but the formula is all WRONG so please I need the correct formula, te correct answer and a deeply explanation!!!
On January 1,2023 the Melissa Company borrows $170,000 cash by signing a 2-year, 6%, installment note, with quarterly interest payments. 1) Calculate the amount of each payment using the PMT function. 2) Prepare the amortization schedule for the loan. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cell address(es). Entering a value will be marked as incorrect. 1) What is the amount of each quarterly loan payment?. The PMT function must be used, and formula must return a positive value. 2) Complete the amortization schedule for this note. All formulas must return a positive valueStep by Step Solution
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