Question: part b excel formula with answer pelase 5. If you borrowed $10,000 from a bank today at 7% rate, you plan to pay it back

part b excel formula with answer pelase

5. If you borrowed $10,000 from a bank today at 7% rate, you plan to pay it back within 5 years Part a) How much is your annual payment? Part b) How much is your principle ending balance at year 2

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