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There are 12 questions on the next sheet of this workbook. For each question, the correct solution figure is given to you in a cell
There are 12 questions on the next sheet of this workbook. For each question, the correct solution figure is given to you in a cell highlighted in gray. Your task is to create a formula using an Excel function in the answer cell highlighted in yellow that results in the same, correct, figure. You must use an Excel function to get the answer. Functions may include pv, fv, pmt, nov, nper, rate, effect, nominal, average, stdev, etc. A B C D E F G H L 1 3 2 Question You are interested in buying a brand new Jalopy and expect the purchase price to be $19,000. The car dealership can offer financing at a 6% interest rate over 6 years. If you put $1,000 down towards the purchase and accept the financing terms, 4 $298.31 what will your monthly payment for the loan be? 4 points 5
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