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Please also show my the formula's you use to solve the problems, thank you. Sierra Pacific Community College District Finance Office Student Loan Amortization TAB
Please also show my the formula's you use to solve the problems, thank you.
Sierra Pacific Community College District Finance Office Student Loan Amortization TAB INSTRUCTIONS: 15,000.00 Total Interest Total Princi Total Cost Enter a PMTfunction Loan Amount Loan Term Rate Hint: Formulas tab, Financial 4,00% Use the following resourceto review each of the variables in the PMT fu 12) using cell C8 and the payment calculated in (1, enter a formula to calculate total loan interest 10 over the life of the loan. Beginning Balance 12 13 Interest Total Payment Using cell C3 and the payment calculated in (1), enter a formula to calculate total principal paid over the life of the loan. 15 (4) Enter a formula calculating total principal and interest paid over the life ofthe loanStep by Step Solution
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