Question: Compute the Monthly Loan Payment using the template shown. You want to buy a 2019 Toyota Highlander, priced at 47,605. You have a down

Compute the Monthly Loan Payment using the template shown. You want to

Compute the Monthly Loan Payment using the template shown. You want to buy a 2019 Toyota Highlander, priced at 47,605. You have a down payment of $5,000. You want the balance to be in a 5-year loan. In B22, enter the VLOOKUP formula to get the annual interest rate using the table INTEREST range name ("Work Tables" sheet.) In cell B23, enter a formula to compute the monthly interest rate. In cell B24, enter a formula to compute the total number of payments. In cell B25, enter PMT() function to compute the monthly loan payment amount. (2+2+2+2= 8) Interest 3 5.34% 4 4.71% 4.77%

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