In cell B6 , enter a formula to calculate the total paid over the life of the loan (the monthly payment amount in cell B4 the number of payments in cell B2 ) Use cell references Price $ 55,000 00 Loan term (in months) 24 Interest (annual) 3 Monthly payment $ 2,363 97 Total payments Interest paid Average sales $ 4,500 00

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Question: In cell B6 , enter a formula to calculate the total paid over the life of the loan (the monthly payment amount in cell B4

In cell B6, enter a formula to calculate the total paid over the life of the loan (the monthly payment amount in cell B4 * the number of payments in cell B2). Use cell references

Price	$ 55,000.00
Loan term (in months)	24
Interest (annual)	3%
Monthly payment	$ 2,363.97

Total payments
Interest paid

Average sales	$ 4,500.00

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