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Task 7 : When btnCalculate is clicked: a ) Compute the loan amount, which equals the current total car prices minus the down payment or

Task 7: When btnCalculate is clicked:
a) Compute the loan amount, which equals the current total car prices minus the down
payment or full payment as selected.
b) Compute the monthly repayment using the VBA function PMT.{Note: VBA function PMT
returns a negative value as payments are considered outgoing cash flows.}
c) Compute the total payment on the loan, which equals monthly repayment times the
number of repayment months.
d) Display the above-computed values in a message dialog box like the one below. All money
values must have a ' $ ' symbol at the front and include a comma to separate thousands and
in 2 decimal places:
Payment Information
Total car price: $1,311,108.00
Loan amount: $1,179,997.00
Monthly payment: $39,192.79
Total loan payment: $1,410,940.29
The above are the results of the following settings:
Car Loan Repayment Calculation
Car model and price in HK$:
Method of Payment
Down Payment
C Full Pay
10%
$131,111
Number of repayment months: 36
Monthly interest rate: Could you help me with this excel vba question. Commnets. are required. Your detailed explanations will be highly appreciated!
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