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To launch online sales, BTrendz will need to hire a website development company to set up and maintain the website. To do so, BTrendz will

To launch online sales, BTrendz will need to hire a website development company to set up and maintain the website. To do so, BTrendz will need to take out a loan to cover the cost of the development and maintenance of the website. You have solicited and received bids from three different companies. For each bid, you need to determine the monthly payment, total loan payment, and total interest. On the Online worksheet, in cell B11, calculate the monthly payment for the loan given the loan amount, term, and interest for the Online Solutions company. Change the result of the payment function to be a positive value. Copy the formula through cell D11.

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