Question: I borrow $2,000 and make monthly payments for two years. The annual rate of interest is 24 percent. What is the size of each payment?

I borrow $2,000 and make monthly payments for two years. The annual rate of interest is 24 percent. What is the size of each payment? What if I need to keep $500 payment till the end (after the last payment), what is the size of each payment then?

I need to borrow $12,000. I can afford payments of $500 per month, and the annual rate of interest is 4.5 percent. How many months will it take to pay off the loan?

I want to borrow $30,000 and make monthly payments for 5 years. The maximum monthly payment I can afford is $600. What is the maximum yearly interest rate I can afford? Check your answer using PV function

can these be answered in excel formulas please

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