Question: Could you please help me find the formula we would us to calculate the values of cells D5 and D6 Seek command in Excel to

 Could you please help me find the formula we would us

Could you please help me find the formula we would us to calculate the values of cells D5 and D6

to calculate the values of cells D5 and D6 Seek command in

Seek command in Excel to nd the net borrowing cost for this package by including the annual fee (expressed as a rate p.a. compounded monthly). Please refer to table 3 for his calculations. Table 3: Jimmy's Excel spreadsheet. A C D Borrowed amount Net borrowing 1.3388% cost per month Interest rate 5612 Net borrowing 16.066% cost 3'12 Interest rate per Present value of $346.6621 month the management fee by using net borrowing rate Number of Present value of 8000.00 repayments net cost Number of interest-only payments Management fee Loan repayment for the rst three months Loan repayment $80 34242460 for the following 21 months a. [ 3 marks] Give the Excel cell formulae you would use to calculate the value of cells D5 and D6. b. [ 2 mark] Give the Excel cell formulae you would use to calculate the value of cell D3. c. [ 3 mark] Give the Excel cell formula you would use to calculate the value of cell D4. d. [ 3 marks] Describe the steps J immy used to generate his result in cell D1 using Goal Seek

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