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Using PMT to Amortize a Loan and Scenarios Loan $10,000 Rate 8% Years 5 Monthly Payment

Using PMT to Amortize a Loan and Scenarios
Loan $10,000
Rate 8%
Years 5
Monthly Payment <== Use PMT function to calculate the monthly payment
Complete the amortization schedule below for the first 12 months of the loan.
Month Payment Interest Principal Balance
1
2
3
4
5
6
7
8
9
10
11
12

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