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The FV interest table can be easily found online , but please ignore this part of the problem. I only need help with solving it
The FV interest table can be easily found online , but please ignore this part of the problem. I only need help with solving it by using excel functions and by setting up the theoretical algebraic formula for the interest factor used to solve the problem. Please explain solution steps
PP3.3 Exercise . Borrow 150,000 over 30 years at 9% What is the monthly payment? Solve this problem in Excel three ways: first using interest factor notation and the interest table below, and then using excel functions. Then solve by setting up the theoretical algebraic formula for the interest factor used to solve the problem Provide text comments in the excel spreadsheet that explain the solution stepsStep by Step Solution
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