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Liam wants to compare monthly payments for interest rates that vary from 3 . 9 5 % to 5 . 1 5 % and for
Liam wants to compare monthly payments for interest rates that vary from to and for terms of and months. He has already set up the structure for a data table in the range A:D
Create a twovariable data table as follows to provide the comparison that Liam requests:
a In cell A enter a formula without using a function that references the MonthlyPayment amount because Liam wants to compare the monthly payments.
b Based on the range A:D create a twovariable data table that uses the term in months cell D as the row input cell and the rate cell D as the column input cell.
In the list of interest rates range : create a Conditional Formatting Highlight Cells Rule to highlight the listed rate that matches the rate for the Charles Street property cell D in Light Red Fill with Dark Red Text.
Change the color of the left, right, and bottom borders of the range A:D to Gold, Accent to match the other outside borders in the worksheet.
Liam has three other options for purchasing the Charles Street property. In the first scenario, he could borrow additional money to fund a renovation of the building. He wants to determine the monthly payment for the first scenario.
In cell G insert a formula using the PMT function using the monthly interest rate cell G the loan period in months cell G and the loan amount cell G to calculate the monthly payment for the renovation scenario.
In the second scenario, Liam could pay back the loan in years instead of and
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