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Please post Excel formula You are considering borrowing $50,000 on a 180-month loan. The annual interest rate on the loan depends on your credit score
Please post Excel formula
You are considering borrowing $50,000 on a 180-month loan. The annual interest rate on the loan depends on your credit score in the following fashion: 9 Credit Score 10 740-850 11 720-739 12 700-719 13 670-699 14 640-669 15 620-639 Annual Rate 8.15 8.45 8.95 9.725 11.225 12.475 Write a formula that gives your monthly payments as a function of your credit scoreStep by Step Solution
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