Question: Finish. Sumit for Gradng In the Specific Loan Data worksheet, insert the Payment function in B 1 3 to calculate the monthly ( 1 5

Finish. Sumit for Gradng
In the Specific Loan Data worksheet, insert the Payment function in B13 to calculate the monthly
(15 points)
payments for the Loan Amount. (The formula result for the monthly payment should be a positive value.) Then, beginning in cell D5, complete the series of substitution values ranging from 4.0% to 6.0% in increments of .25% vertically down column D. Add references to the Payment, Total to Repay Loan, and Total Interest Paid formulas in cells E4, F4, and G4, respectively. (It may be helpful to create custom names for cells E4, F4, G4 to make it easier to read the table.) Create a one-variable data table for the range D4:G13 using the APR as the input cell. Using the one-variable data table, What is the Payment if the APR for the loan were to be 5%?
111,906.94
231,906.94
6,000.00
7,806.17
644.19
Finish. Sumit for Gradng In the Specific Loan

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