Question: Need Help with periodic rate. Instructions # 7 & 8. Calculate Payment: PMT Function - Use the PMT Function to calculate the payment. Remember that

Need Help with periodic rate. Instructions # 7 & 8. Calculate

Payment: PMT Function - Use the PMT Function to calculate the payment. Need Help with periodic rate. Instructions # 7 & 8.

Calculate Payment: PMT Function - Use the PMT Function to calculate the payment. Remember that the Yearly Periodic Rate is the Rate divided by the number of Months. Please review this tutorial: for help. You will calculate the payment quote for each customer. 7. Calculate the periodic rate of the loan in cell K3. 8. Copy using the Fill Handle the Periodic Rate in cell K3 to into the Range K4:K10

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