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Loan Details Monthly (End-of-month) Payment (PMT) $680.66 Monthly interest rate (RATE) 1.15% Months to Pay Off Loan (NPER) 48 Amount of Loan from Bank (PV)

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Loan Details Monthly (End-of-month) Payment (PMT) $680.66 Monthly interest rate (RATE) 1.15% Months to Pay Off Loan (NPER) 48 Amount of Loan from Bank (PV) $25,000.00 Recreate the above table in your own version of excel. If the interest rate changes to 3.7%p.a compounding monthly, what will be the new monthly repayment? (answer to exclude $ sign and to include cents eg 680.66)

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