Question: Looking to answer the following question using Excel. Would like to understand how to enter the information using Excel Oppenheimer Bank is offering a 30-year

Looking to answer the following question using Excel. Would like to understand how to enter the information using Excel

Oppenheimer Bank is offering a 30-year mortgage with an EAR of 5.500%. If you plan to borrow $325,000, what will your monthly payment be? (Round to the nearest cent)

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