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This is an Excel worksheet question. Calculate the cumulative principal payments as follows: a. Use an Excel function to calculate the cumulative principal paid on
This is an Excel worksheet question. Calculate the cumulative principal payments as follows: a. Use an Excel function to calculate the cumulative principal paid on the loan for Year 1, in which payments are made at the end of the period. Use fixed cell references where appropriate to make sure that the function can be copied to fill the remaining principal values without modifying it. b. Use the function to fill in the remaining principal payments. | |
Create a formula using an Excel function. | |
In the Loan Payments worksheet, the formula in cell C18 should contain the CUMPRINC function. | |
Copy a formula into a range. | |
In the Loan Payments worksheet, cell C18 contains an incorrect formula. |
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