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In cell D5, create a formula using the PMT function to determine the monthly payments for the anticipated Clinic mortgage, using the defined names Rate

In cell D5, create a formula using the PMT function to determine the monthly payments for the anticipated Clinic mortgage, using the defined names Rate,Term_Years, and Loan_Amount as the rate, nper, and pv arguments in the formula.

  1. Put a negative signbefore the PMT function to make the formula return a positive value.
  2. In the function, Rate should be dividedby12to calculate the monthly interest rate, and Term_Years should be multipliedby12to calculate the total number of monthly payments

what is the formula or what should I type into cell D5 to do what this question asks?

  1. image text in transcribed
PT Associates Mortgage Loan Payment Calculator Date tem Price Down Payment $ Loan Amount $300,000.00 Total Cost 15-Aug-18 Rate 5.250% 15 Clinic Term (Years) $375,000.00 Monthly Payment 75,000.00 Total Interest S $(300,000.00) $75,000.00

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