Question: 13. 8 Points - PV Function: You now want to know what the total loan will cost you, with interest, if you ask for an
13. 8 Points - PV Function: You now want to know what the total loan will cost you, with interest, if you ask for an extra 24 months. To do this, you will use the PV function. Using the monthly payment calculated in Step 12 (HINT: the answer to step 12 will be required in the PV function, for help you may refer to Step 11 in the Week 12 Case) and any other required inputs that were added to this worksheet in Step 12 (rate and number of months +24 )), calculate the present value of the loan for the length of the term that you suggested (your total payment periods or number of months) + an additional 24 months, all at the same intertest rate
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