Question: Please answer and show excel function used An individual would like to purchase a home in five (5) years. The individual will accumulate enough money

Please answer and show excel function used

An individual would like to purchase a home in five (5) years. The individual will accumulate enough money for a $20,000 down payment by making equal monthly payments to an account that is expected to earn 12% annual interest compounded monthly. How much are the equal monthly payments?

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