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The location managers want new company cars. The chief financial officer has determined that the company can afford $ 6 0 0 monthly payments based

The location managers want new company cars. The chief financial officer has determined that the
company can afford $600 monthly payments based on a 5.25% APR for three-year loans. Your first
step is to calculate the loan.
Display the 3-Finance worksheet. In cell E2, insert the PV function using the periodic rate, the number
of payment periods, and a negative value for the monthly payment.
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