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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 : 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 PMTNote: 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 abovecomputed 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 decimal places:
Payment Information
Total car price: $
Loan amount: $
Monthly payment: $
Total loan payment: $
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
$
Number of repayment months:
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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