Question: In cell C20, enter a formula using the PMT function to calculate the monthly loan payment for the first vehicle.Hint: Divide the interest rate by

In cell C20, enter a formula using the PMT function to calculate the monthly loan payment for the first vehicle.Hint: Divide the interest rate by 12 in the Rate argument to reflect monthly payments. Hint: Multiply the number of years by 12 in the Nper argument to reflect the number of monthly payments during the life of the loan.Hint: Use a negative value for the loan amount in the Pv argument so the payment amount is expressed as a positive number. What is the forumula?

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