Question: I need to solve using Excel formulas please. 5. You want to buy a new sports coupe for $50,000, and the finance office at the

I need to solve using Excel formulas please.

5. You want to buy a new sports coupe for $50,000, and the finance office at the dealership has quoted you an APR of 10 percent for a 5-year loan compounded quarterly. What will your quarterly payments be? What is the effective annual rate on this loan? Future value of investment Discount rate # of years # of times compounded per year Payment Effective interest rate

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