Question: hello please walk me step by step on how to answer these pmt and ppmt functions. please show the functions not just the answers Fle
Fle Home Insert Page Layout Form Quta Rev Vew Developer Held D9 1 d D E G H Functions Problem 1: Calculating the Required Monthly Payment (PMT), last month's principle portion (PPMT), and total dollar amount of all payment for the loan. $ 25,000.00 Arvont borrowed Length of the loan in years 7 Annual Interest Rate 6% Required monthly payment 10 Castos principle portion 11 Total dollar art of payments 12 13. Problem 2: Calculating the Required Monthly Payment first month's principle portion, and total amount of all payments for the loan, 14 15 Amount otrowed $ 29,000.00 16 Length of the loan in years 6 12 Anmol Interest Rate 0.01 TE 19 Roque monthly payment 20 First month's principle portion 21 Total data bound of payments
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