Question: Cell B 5 : Type an Excel formula that calculates the monthly interest rate ( the annual rate divided by 1 2 ) . Cell

Cell B5: Type an Excel formula that calculates the monthly interest rate (the annual rate divided by 12).
Cell B6: Type an Excel formula that calculates the number of months over which the loan will be repaid (number of years multiplied by 12).
Cell B5: Type an Excel formula that calculates the monthly interest

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