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The following loan data is entered into an Excel worksheet: Loan Principal, cell B8, $200,000 APR, cell B9, 8% Terms, cell B10, 30 years Assume

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The following loan data is entered into an Excel worksheet: Loan Principal, cell B8, $200,000 APR, cell B9, 8\% Terms, cell B10, 30 years Assume loan payments are made annually at the beginning of the year. Which of the following functions will accurately calculate the required annual payment for this loan? (assume the fv is 0 ) None of the answers are correct. =PMT(B9/12,B1012,B8,0,0)=PMT(B9,B10,B8,0,1)=PMT(B9/12,B1012,B8,0,1)=PMT(B8,B9,B7,0,1)

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