Autosav e EX19_48_AISetouMagassouba lome Insert Draw Page Layout Formulas Data Review View Tell me 2 Share O Comments 201C fx JA O Define Name v E, Trace Precedents Q el v **. 2 Use in Formula v a Trace Dependents AutoSum Recently Financial Logical Used Show E Remove Arrows v Formulas Checking Window Calculation Options Insert Text Date & Lookup & Math & Time More Functions Name Error Watch unction Reference Trig Manager Create from Selection al_Int. : x v fx 1941 B C D F L A H J K N New Office Building Loan Calculator 8 Years $ (920,000) Scenarios Loan Payment Calculator 9/15/21 Rate Renovation 20 Years 4.45% 180 Date Property Price Down Payment Loan Amount $1,020,000 4.45% Loan Amount Charles Street Term in Months Annual Interest Rate 4.25% 0.37% 15 0.35% 20 4.45% 0.37% 8 $7,014.45 1,150,000 Monthly Payment 230,000 Total Interest (920,000) Total Cost Monthly Interest Rate Loan Period in Years Loan Period in Months Start Date 180 1/3/22 240 96 1/3/22 1/3/22 2 PM Varying Interest Rates and Terms (6,000) $ Monthly Payment Future Value (8,000) Rate Number of Months n/a n/a 120 180 240 3.95% 4.05% 4.15% t 1 PM 4.25% 4.35% 4.45% 4.55% 4.65% 4.75% 4.85% 4.95% 5.05% t ot 5.15% 5PM ot M Documentation Loan Calculator Properties Equipment Loan Ready 囲 100% ude Special_Programs_ Enelieh (United Ctetteel Ce eue 1908
Autosav e EX19_48_AISetouMagassouba lome Insert Draw Page Layout Formulas Data Review View Tell me 2 Share O Comments 201C fx JA O Define Name v E, Trace Precedents Q el v **. 2 Use in Formula v a Trace Dependents AutoSum Recently Financial Logical Used Show E Remove Arrows v Formulas Checking Window Calculation Options Insert Text Date & Lookup & Math & Time More Functions Name Error Watch unction Reference Trig Manager Create from Selection al_Int. : x v fx 1941 B C D F L A H J K N New Office Building Loan Calculator 8 Years $ (920,000) Scenarios Loan Payment Calculator 9/15/21 Rate Renovation 20 Years 4.45% 180 Date Property Price Down Payment Loan Amount $1,020,000 4.45% Loan Amount Charles Street Term in Months Annual Interest Rate 4.25% 0.37% 15 0.35% 20 4.45% 0.37% 8 $7,014.45 1,150,000 Monthly Payment 230,000 Total Interest (920,000) Total Cost Monthly Interest Rate Loan Period in Years Loan Period in Months Start Date 180 1/3/22 240 96 1/3/22 1/3/22 2 PM Varying Interest Rates and Terms (6,000) $ Monthly Payment Future Value (8,000) Rate Number of Months n/a n/a 120 180 240 3.95% 4.05% 4.15% t 1 PM 4.25% 4.35% 4.45% 4.55% 4.65% 4.75% 4.85% 4.95% 5.05% t ot 5.15% 5PM ot M Documentation Loan Calculator Properties Equipment Loan Ready 囲 100% ude Special_Programs_ Enelieh (United Ctetteel Ce eue 1908
Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:Ulric J. Gelinas
Chapter11: The Billing/accounts Receivable/cash
receipts (b/ar/cr) Process
Section: Chapter Questions
Problem 3DQ
Related questions
Question
- Liam needs to calculate the monthly payment for a loan to purchase the Charles Street property. Calculate the payment as follows:
a) For the nper argument, use the Term_in_Months (cell D5) to specify the number of periods.
b)For the pv argument, use the Loan_Amount (cell B8) to include the present value.
c)Insert a negative sign (-) after the equal sign in the formula to display the result as a positive amount.
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