Question: In cell B 1 0 , use the PMT function to calculate the monthly payment amount necessary to pay off the amount borrowed in cell
In cell B use the PMT function to calculate the monthly payment amount necessary to pay off the amount borrowed in cell B at the end of the term in cell B using the interest rate in cell B Be sure the result of the PMT function is positive.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
