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On January 1 , 2 0 2 4 the Bre Company borrows $ 6 0 , 0 0 0 cash by signing a 2 -

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On January 1,2024 the Bre Company borrows $60,000 cash by signing a 2-year, 12%, installment note,On January 1,2024 the Bre Company borrows $60,000 cash by signing a 2-year, 12%, installment note,
with quarterly interest payments. 1) Calculate the amount of each payment using the PMT function. 2)
Prepare the amortization schedule for the loan. Enter a valid Excel formula or function in each of the
yellow cells below. Formulas must refer to cell address(es). Entering a value will be marked as incorrect.
What is the amount of each quarterly loan payment?. The PMT function must be
used, and formula must return a positive value.
Complete the amortization schedule for this note. All formulas must return a positive value.
with quarterly interest payments. 1) Calculate the amount of each payment using the PMT function. 2)
Prepare the amortization schedule for the loan. Enter a valid Excel formula or function in each of the
yellow cells below. Formulas must refer to cell address(es). Entering a value will be marked as incorrect.
What is the amount of each quarterly loan payment?. The PMT function must be
used, and formula must return a positive value.
Complete the amortization schedule for this note. All formulas must return a positive value.
image text in transcribed

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