Answered step by step
Verified Expert Solution
Question
1 Approved Answer
provide formulas on how to get the PMT, payment, beginning balance, interest, and principle reduction, ending balance please! will thumbs up! :) Loan amount n
provide formulas on how to get the PMT, payment, beginning balance, interest, and principle reduction, ending balance please! will thumbs up! :)
Loan amount n (Years) (APR) m 18,950.00 3 5.25% Calculate the monthly loan payment, then complete the amortization table, entering formulas in each green-shaded cell. You may use Excel functions or formulas. All results should be positive numbers. Do not round any calculations 12 monthly PMT Total Interest Paid 3 Period Beginning Balance payment Interest Principal Reduction Ending Balance 1 2 3 4 5 6 7 8 9 10 11 12 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started