Question: I keep getting this incorrect. Can someone please explain what I am doing wrong and what the correct formulas/functions are? SmartEnergy Services is considering expanding

 I keep getting this incorrect. Can someone please explain what I

I keep getting this incorrect. Can someone please explain what I am doing wrong and what the correct formulas/functions are?

SmartEnergy Services is considering expanding the business to add a third Florida office. Darius asks you to help with the analysis of loan options to fund the expansion. Go to the Expansion worksheet, and then create defined names based on the range A5:B10, using the values in the left column only.
Create defined names for a cell.
In the Expansion worksheet, the named ranges for the range B5:B10 have not been set up correctly.
Calculate the monthly payment for Scenario 1 as follows: a. In cell B9, enter a formula using the PMT function to determine the monthly payment. b. In the formula, use the monthly interest rate (cell B7) as the rate, the term in months (cell B8) as the nper, and the loan amount (cell B5) as the pv.
Create a formula using a function.
In the Expansion worksheet, the formula in cell B9 should use the named range "Monthly_Interest_Rate" as the rate argument.

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