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Please help solve using excel 6. Sandy just graduated from college. She accumulated $25,000 in student loans. She will pay the loans off over 10
Please help solve using excel
6. Sandy just graduated from college. She accumulated $25,000 in student loans. She will pay the loans off over 10 years and the first monthly payment is due in 1 month (assume an 5\% interest rate). Calculate the amount of her payment. 7. Sycamore Company is negotiating with a customer for the lease of a large machine manufactured by Sycamore. The machine has a cash price of $600,000. Syamore wants to be reimbursed for financing the machine at a 10% annual return. Calculate the required lease payment if the lease calls for 10 annual payments with the first payment due todayStep by Step Solution
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