Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What would be another way to calculate total interest rather than merely using =sum(? : What are some of the pros and cons to each

What would be another way to calculate total interest rather than merely using =sum(?

: What are some of the pros and cons to each of the three methods you have used

What impressions or insights have you gained from this exercise?image text in transcribed

E F B Givens: G H Rev 0 C Principal Payment APR Compounds D 500.00 25.00 4.50% 12 Payment Methods Month Principal Interest 0 1 500.00 1.88 2 526.88 1.98 3 553.85 2.08 4 580.93 2.18 5 608.11 2.28 6 635.39 2.38 7 662.77 2.49 8 690.25 2.59 9 717.84 2.69 10 745.54 2.80 11 773.33 2.90 12 801.23 3.00 13 829.24 3.11 14 857.35 3.22 3 15 885.56 3.32 4 16 913.88 3.43 5 17 942 31 3.53 18 970.84 3.64 19 999.48 3.75 20 1028.23 3.86 29 21 1057.09 3.96 30 1086.05 4.07 31 23 1115.12 4.18 32 24 1144.30 4.29 33 25 1173.60 4.40 34 26 1203.00 4.51 35 27 1232.51 4 62 36 28 1262.13 4.73 37 29 1291.86 4.84 30 1321.71 39 31 1351.66 40 5.07 32 1381.73 5.18 41 33 1411.91 5.29 42 34 1442 21 5.41 43 35 1472.62 5.52 44 36 1503.14 5.64 45 13.3.78 Template + Total 500.00 526.88 553.85 580.93 608.11 635.39 662.77 690.25 717.84 745.54 773.33 801.23 829.24 857.35 885.56 913.88 942.31 970.84 999 48 1028.23 1057.09 1086.05 1115.12 1144.30"- 1173.60 1203.00 123251 1262.13 1291.86 1321.71 1351.66 1381.73 1411.91 1442.21 1472.62 1503.14 1533.78 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 900.00 Month $18 Turations (Steps) 999.48 Month 18 Formule Regular Payment) 999.48 Month 18 Ercel Foro 999.48 4.96 Total Type here to search O

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

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

More Books

Students also viewed these Accounting questions