Question: Please help i need the formula B D G H 1 J K L You would like to buy a motorcycle and will need to

Please help i need the formula B D G H 1

Please help i need the formula

B D G H 1 J K L You would like to buy a motorcycle and will need to borrow $10,000 to do so. Your loan will be repaid monthly over 4 years at a 7.50% annual interest rate. Calculate your 2 monthly payment. 3 4 N (period of time) translate to monthly translate to monthly Students may follow tutorial OR use IPMT, PPMT functions to create table If use IPMT, PPMT then the column for Monthly Payment must be the sum 5 I (Interest) 6 PV (Present Value 7 FV (Future Value) 8 PMT (Annuity) determine payment 9 10 Prepare the loan amortization Period Monthly Interest Principal Payment Expense Payment Principal Balance 11 12 0 13 14 15 16 17 18 19 schedule. M

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