Question: Excel problem please solve it fast 1. Do this question in a separate worksheet in your le. 2. Name the worksheet Fireboat. 3. You borrow

Excel problem please solve it fast

Excel problem please solve it fast 1. Do this
1. Do this question in a separate worksheet in your le. 2. Name the worksheet Fireboat. 3. You borrow $650,000 at an annual interest rate of 4.5%. You plan to make monthly payments at the end of each period to pay off the loan in 20 years. What are your monthly payments? How much can you afford to borrow if you want payments to be: $5,000 per month? Use the goal-seek tool to solve the problem ancl keep the Solution in your worksheet

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