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The following loan data is entered into an Excel worksheet: Loan Principal, cell B5, $245,000 APR, cell B6, 4.00% Terms, cell B7, 30 years Assume

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The following loan data is entered into an Excel worksheet: Loan Principal, cell B5, $245,000 APR, cell B6, 4.00\% Terms, cell B7, 30 years Assume loan payments are made monthly (beginning of each month). Which of the following functions will accurately calculate the required monthly payments for this loan? (assume the fv argument is 0 ) None of the answers are correct. = PMT (B6/12,B712,B5,0,1) =PMT(B6/12,B7/12,B5) =PMT(B612,B7/12,B5,1,0) =PMT(B7/12,B612,B5,0,0) =PMT(B6,B7B5,0,1)

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