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Please complete this excel assignment. I need the formulas for Row 23,24,25, and 26. I have attached the answers for you to see. 35. Car
Please complete this excel assignment. I need the formulas for Row 23,24,25, and 26. I have attached the answers for you to see.
35. Car Loan Payment Calculation Problem. Compute the Monthly Loan Payment using the template shown. You want to buy a 2019 Toyota Highlander, priced at 47,605. You have a down payment of $5,000. You want the balance to be in a 5-year loan. In B23, enter VLOOKUP formula to get the annual interest rate using the table INTEREST range name (Work Tables" sheet.) In cell B24 enter formula to compute the monthly interest rate. In cell B25 enter formula to compute the total number of payments. In cell B26, enter PMT() function to compute the monthly loan payment amount. (2+2+2+2= 8) 19 Car Loan Payment Calculation 20 Car Price 21 Downpayment/Trade-In 22 Number of Years 23 Annual Interest Rate 24 Monthly Interest Rate 25 Number of Payments 26 Monthly Loan Payment * The price of the car * Trade-in value allowance * Number of year finance the car 47,605 5,000 5 4.77% (2) 0.3975% (2) 60 (2) ($799.53) it should be negative to represent an outflow (2) 27 35. Car Loan Payment Calculation Problem. Compute the Monthly Loan Payment using the template shown. You want to buy a 2019 Toyota Highlander, priced at 47,605. You have a down payment of $5,000. You want the balance to be in a 5-year loan. In B23, enter VLOOKUP formula to get the annual interest rate using the table INTEREST range name (Work Tables" sheet.) In cell B24 enter formula to compute the monthly interest rate. In cell B25 enter formula to compute the total number of payments. In cell B26, enter PMT() function to compute the monthly loan payment amount. (2+2+2+2= 8) 19 Car Loan Payment Calculation 20 Car Price 21 Downpayment/Trade-In 22 Number of Years 23 Annual Interest Rate 24 Monthly Interest Rate 25 Number of Payments 26 Monthly Loan Payment * The price of the car * Trade-in value allowance * Number of year finance the car 47,605 5,000 5 4.77% (2) 0.3975% (2) 60 (2) ($799.53) it should be negative to represent an outflow (2) 27Step by Step Solution
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