Question: Please do it in excel and show excel formular Iris is planning to take an equal payment loan of 200 000 She can afford to

Please do it in excel and show excel formular Iris is

Please do it in excel and show excel formular

Iris is planning to take an equal payment loan of 200 000 She can afford to pay 600 as a monthly payment. The interest rate is Euribor + 1.1% margin. The Euribor rate is 0,62% a) How many payments will she need to make to pay back the loan? b) Calculate the loan term in years and months (in addition to the years). a) ANSWER b) Years b) Months

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