Max created a spreadsheet for installment purchase calculations. a. Write a spreadsheet formula to compute the down

Question:

Max created a spreadsheet for installment purchase calculations.

a. Write a spreadsheet formula to compute the down payment in cell C2.
b. Write a spreadsheet formula to compute the time in months in cell F2.
c. Write a spreadsheet formula to compute the total of monthly payments in cell G2.
d. Write the spreadsheet formula to compute the finance charge in cell H2.
e. Use your answers to a-d to fill in the missing entries f-v.

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a The down payment is the purchase price multiplied by the down payment p...View the full answer

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Related Book For book-img-for-question

Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 04:44 AM

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Max created a spreadsheet for installment purchase calculations. a. Write a spreadsheet formula to compute the down

Question:

Down Payment Total of Purchase Percentage Down Monthly Time in Time in Monthly Finance 1 Priceas a Dec 0.20 0.10 0.15 0.10 Payment Payment Years MonthsPaymentsCharge f. 97.01 1 2 $1,200 3 $1,750 4 $1,340 5 $ 980 n. S. 71.12 2 k. t. h. $77.23 1.5 i. $165.51 0.5 m.

Step by Step Answer:

a The down payment is the purchase price multiplied by the down payment p...View the full answer

Financial Algebra advanced algebra with financial applications

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