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pls complete the excel sheet and write out the excel formulas thx. 7-5 A woman went to the Beneficial Loan Company and borrowed $10,000. She
pls complete the excel sheet and write out the excel formulas thx.
7-5 A woman went to the Beneficial Loan Company and borrowed $10,000. She must pay $323.53 at the end of each month for the next 60 months. What is the monthly interest rate she is paying? What effective annual interest rate is she paying? Prob 7-5 Show the formula you would use in the form of NPW = 0 to solve for the periodici if you were going to use factor notation and trial & error: Solve the problem using EXCEL functions: Month Cash Flow 0 2 5 6 14 18 19 20 21 22 23 32 | | 34 35 36 37 38 39 40 41 42 43 46 47 48 49 50 51 52 53 55 59 60 i eff 7-5 A woman went to the Beneficial Loan Company and borrowed $10,000. She must pay $323.53 at the end of each month for the next 60 months. What is the monthly interest rate she is paying? What effective annual interest rate is she paying? Prob 7-5 Show the formula you would use in the form of NPW = 0 to solve for the periodici if you were going to use factor notation and trial & error: Solve the problem using EXCEL functions: Month Cash Flow 0 2 5 6 14 18 19 20 21 22 23 32 | | 34 35 36 37 38 39 40 41 42 43 46 47 48 49 50 51 52 53 55 59 60 i effStep by Step Solution
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