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I'm finding it difficult to input the formulas and find the formulas. Please help! On January 1,2023 the Naomi Stafford Company borrows $180,000 cash by
I'm finding it difficult to input the formulas and find the formulas. Please help!
On January 1,2023 the Naomi Stafford Company borrows $180,000 cash by signing a 5 -year, 10%, installment note, with semiannual 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 semiannual 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 value. \#VALUEI HVALUEI On January 1,2023 the Naomi Stafford Company borrows $180,000 cash by signing a 5 -year, 10%, installment note, with semiannual 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 semiannual 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 value. \#VALUEI HVALUEI Step by Step Solution
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