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Using the PMT function Loan amount $150,000 Annual interest rate 7% Number of years 30 Monthly loan payment
Using the PMT function | |||||||||
Loan amount | $150,000 | ||||||||
Annual interest rate | 7% | ||||||||
Number of years | 30 | ||||||||
Monthly loan payment | <== Use the PMT function to calculate the loan payment | ||||||||
Please note: This payment is a monthly payment so be sure to use a monthly rate in your function and | |||||||||
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