ex1ch4

ex1ch4 - 51 56 $400.00 $450.00 $500.00 $550.00 $600.00...

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Spreadsheet Example, Chapter 4, Page 140 12.00% nominal annual interest rate 1.00% monthly interest rate $18,000.00 amount borrowed Formulas used in cells B9 through B13 # Payments 36 $597.86 =-PMT($A$4,A9,$A$5) 42 $526.96 =-PMT($A$4,A10,$A$5) 48 $474.01 =-PMT($A$4,A11,$A$5) 54 $433.02 =-PMT($A$4,A12,$A$5) 60 $400.40 =-PMT($A$4,A13,$A$5) Monthly Payment 36 41 46
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Unformatted text preview: 51 56 $400.00 $450.00 $500.00 $550.00 $600.00 Monthly Payment Monthly Payment Number of payments Monthly payment GRAPH SHOWS MONTHLY PAYMENTS FOR NEW CAR LOAN. TERM OF LOAN: 36 TO 60 MONTHS (3 TO 5 YEARS). EXCEL FUNCTIONS: FOR P, USE PV ( ) FOR F, USE FV ( ) FOR A, USE PMT ( ) FOR N, USE NPER ( ) FOR I, USE RATE ( )...
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This note was uploaded on 07/29/2011 for the course EGN 3612 taught by Professor Staff during the Fall '09 term at UNF.

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ex1ch4 - 51 56 $400.00 $450.00 $500.00 $550.00 $600.00...

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