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Using Excel, the best way to calculate the annual principle payment for Year One, with an annual percentage rate (r), loan principle (PV) and the

Using Excel, the best way to calculate the annual principle payment for Year One, with an annual percentage rate (r), loan principle (PV) and the number of payments, in years (n), using a formula is:

Question 6 options:

=12*PV

none of these answers are correct

=pmt (r, n, pv)

=FV (n, i, pv)

=ppmt (r, 1, n, pv)

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