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Using Excel - show all formulas and functions. A farm can finance a tractor purchase with $ 2 5 0 , 0 0 0 loan
Using Excel show all formulas and functions.
A farm can finance a tractor purchase with $ loan at a local bank. The financing terms would include a year loan at a annual interest rate, and equal quaterly payments of principal and interest. Given this information, determine the quarterly payments, total money paid for the loan, and show a complete amortization schedule for all payments
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