Data Table Problem We can figure out the monthly payment to finance a car using the PMT function in Excel. That payment will be dependent on how much the car costs and the interest rate. Let's fix the duration of the loan to 5 years. Financing a Car What can I afford? Once we figure out the monthly paymenet for say $25,000 loan at 4.00% annual interest rate, then we can create a Data Table to see how the monthly payment is affected for all combinations of loan amounts and annual interest rates. Loan Amount Annual Interest Rate Monthly Payment $25,000 4% Data Table Annual Interest Rates 4% 1% 2% 3% 5% 6% 7% 8% $ $ $ $ $ $ 15,000.00 20,000.00 25,000.00 30,000.00 35,000.00 40,000.00 Possible Points Instructions Put in the PMT formula in C13 Create the Data table Make B16 equal the value in C13 (important step). Highlight the data table and fill in the data table Format values in the data table as currency Points Earned 2 2 1 2 1 Data Table Problem We can figure out the monthly payment to finance a car using the PMT function in Excel. That payment will be dependent on how much the car costs and the interest rate. Let's fix the duration of the loan to 5 years. Financing a Car What can I afford? Once we figure out the monthly paymenet for say $25,000 loan at 4.00% annual interest rate, then we can create a Data Table to see how the monthly payment is affected for all combinations of loan amounts and annual interest rates. Loan Amount Annual Interest Rate Monthly Payment $25,000 4% Data Table Annual Interest Rates 4% 1% 2% 3% 5% 6% 7% 8% $ $ $ $ $ $ 15,000.00 20,000.00 25,000.00 30,000.00 35,000.00 40,000.00 Possible Points Instructions Put in the PMT formula in C13 Create the Data table Make B16 equal the value in C13 (important step). Highlight the data table and fill in the data table Format values in the data table as currency Points Earned 2 2 1 2 1