Question: could you please make sure the excel formulas are shown in the answer too, thank you! 50 6. What is the payment in month 234

 could you please make sure the excel formulas are shown in
could you please make sure the excel formulas are shown in the answer too, thank you!

50 6. What is the payment in month 234 on a 30-year loan for $925,000 at 4.85% that requires no payments during the first five years and fully amortizing payments for the remaining years of the loan? Answer 54 Loan Amount 55 Years 56 Periods Per Year 57 Interest Rate 58 Balance at EOM 60 59 Total Amortization Years

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