Question: Annual payment to repay the loan Present value $220,000.00 $220,000.00 Annual rate of interest $3.13 -15 yrs $3.63 -30 year monthly payments ($1,532.54) ($1,003.00) Monthly
Annual payment to repay the loan
Present value
$220,000.00
$220,000.00
Annual rate of interest
$3.13 -15 yrs
$3.63 -30 year
monthly payments
($1,532.54)
($1,003.00)
Monthly interest rate
$0.26
$0.30
Please show me on how to input values for the amortization ...PMT: formula my values are incorrect. i must be missing something
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