n Excel, how would you calculate the payment amount for the following car loan? What would the formula be?
n Excel, how would you calculate the payment amount for the following car loan? What would the formula be?
Chapter4: Analyzing And Charting Financial Data
Section: Chapter Questions
Problem 3RA
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In Excel, how would you calculate the payment amount for the following car loan? What would the formula be?
Annual Interest Rate % | 0.04% |
Number of Payments Per Year | 24 |
Cost of Car | $56,000 |
Loan in Years | 3 |
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