glorialassey4 glorialassey4

10-04-2024
Mathematics

Answered

Use the PMT function in Excel to compute the monthly payment on a car each month if you borrowed $39200 at an annual interest rate of 3.31% ove years, where the interest is compounded monthly. Hint: The PMT (Payment) function is entered in Excel as PMT(Rate, Nper, Pv, Fv. Typ Fv and Type are not necessary. Ignore them. Enter the amount of your monthly payment below. Do not include the dollar sign ($).

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