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Posted on Aug 09, 2024

In excel I am given the following information: loan amount is $ 4 5 0 , 0 0 0 . Interest rate is 8 .

In excel I am given the following information: loan amount is $

450, 000 .

Interest rate is

8.25 %

over

7

years. What are the codes to put in the spreadsheet to calculate how much interest is owed for each of the

7

years?

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