FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the formula needed for Excel to calculate the monthly payment need to pay off a mortgage for a house that costs $189,000 with

image text in transcribed
What is the formula needed for Excel to calculate the monthly payment need to pay off a mortgage for a house that costs $189,000 with a fixed APR of 3.1% that lasts for 32 years? O EPMT(.031/12,32,-189000) 0 =PMT(3.1/12,32*12,-189000) 0 =PMT(031/12,32*12,-189000)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting Information For Decisions

Financial And Managerial Accounting Information For Decisions

Authors: John Wild, Ken Shaw, Barbara Chiappetta

7th Edition

1259726703, 9781259726705

More Books

Students also viewed these Accounting questions

Question

★★★★★
Adjusting entries are required by the historical cost principle of accounting. Do you agree? Explain.

Answered: 1 week ago

Question

★★★★★
What are the disciplines of a learning organization that are fundamental to making effective innovations within an organization? How do those disciplines affect your organization?

Answered: 1 week ago

Question

★★★★★
2.24 Packaging Hamburger Meat The data listed here are the weights (in kilograms) of 27 packages of ground beef in a supermarket meat display: a. Construct a stem and leaf plot or a relative...

Answered: 1 week ago

Question

★★★★★
The intangible assets reported by Ip Company at December 31, 2016, follow: Patent #1 was acquired in January 2015 and has an estimated useful life of 10 years. Copyright #1 was acquired in January...

Answered: 1 week ago

Question

★★★★★
Consider the following initial values for the registers and memory. Values are reset back to the values shown in the table before each operation. Determine the result of the following operations and...

Answered: 1 week ago

Question

★★★★★
A math class consists of 35 students, 20 female and 15 male. Three students are selected at random, one at a time, to participate in a probability experiment (selected in order without...

Answered: 1 week ago

Question

★★★★★
Question 2 of 3 Liabilities and Fund Balances Current Liabilities Windsor Library Statement of Activities for Year Ended February 28, 2024 Expenses Program Services Circulating library Research...

Answered: 1 week ago

Question

★★★★★
Task 2 You (the learner) appraise the property. Mr Smith is a contractor of construction. Recently 35 employees are working for him. Mr Smith owns 03 road rollers, 01 overhead cranes, 03 excavators...

Answered: 1 week ago

Question

★★★★★
Is or is not.reject or support An education researcher claims that 59% of college students work year-round. In a random sample of 300 college students, 177 say they work year-round. At a = 0.05, is...

Answered: 1 week ago

Question

★★★★★
Shamar invoices a company for $6,000. When he looks at the Customer Balance Summary, he sees an amount of $13,000 that includes unpaid invoices. How can he find detail on the open invoices? Select an...

Answered: 1 week ago

Question

★★★★★
The Street Division of Labrosse Logistics just started operations. It purchased depreciable assets costing $36 million and having a four-year expected life, after which the assets can be salvaged for...

Answered: 1 week ago

Question

★★★★★
In your opinion, what will be the primary force that moves organizational management from legalism to humanism in the future?

Answered: 1 week ago

Question

★★★★★
How are the processes or rules of arbitration different from those of courts?

Answered: 1 week ago

Question

★★★★★
Identify one organizational setting outside of health care in which strict authoritarian management is not only prevalent but preferred. Why is this so and why is it needed?

Answered: 1 week ago

Previous Question Next Question