Question: FORMULA NEEDED PLEASE help me write the formula !!!!EXCEL. (1.6) You are interested in purchasing a home. You will take out a mortgage of $310,000

FORMULA NEEDED PLEASE help me write the formula!!!!EXCEL. (1.6) You are interested

FORMULA NEEDED

PLEASE help me write the formula!!!!EXCEL.

(1.6) You are interested in purchasing a home. You will take out a mortgage of $310,000 to pay for the home and pay 4.5% interest. What will your monthly payment be if you take 15 years to pay off the loan? - Reference the loan information in the "Task 6-8 Data" cells as the arguments for your function. A B Number of Payments Nominal Interest Rate Effective Interest Rate * Remember to multiply the nominal interest rate by 12 (to calculate the annual interest rate). C D Number of Future Acc * Remember t rate) in your fu Task 6-8 Data

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