Question
You are using a worksheet to help calculate your monthly mortgage payment. The purchase price is in cell B2, the down payment is in cell
| You are using a worksheet to help calculate your monthly mortgage payment. The purchase price is in cell B2, the down payment is in cell B3, the annual interest rate is in cell B4, and the number of years on the mortgage is in cell B5. Which of those cells should be divided by 12 in the PMT function? (Note, another cell will be multiplied by 12.) |
a. B5
b. B4
c. B3
d. B2
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Financial Management Core Concepts
Authors: Ray Brooks, Raymond Brooks
1st Edition
0321155173, 9780321155177
