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Liam needs to calculate the monthly payment for a loan to purchase the Charles Street property. Calculate the payment as follows:a . In cell D

Liam needs to calculate the monthly payment for a loan to purchase the Charles Street property. Calculate the payment as follows:a. In cell D6, start to enter a formula using the PMT function.b. For the rate argument, divide the Rate by 12 to use the monthly interest rate.C.For the per argument, use the Term_in_Months to specify the number of periods.d.For the pv argument, use the Loan_ Amount to include the present value.Insert a negative sign (-) after the equal sign in the formula to display the result as a positive amount.

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