Question: Please show the formula used and explain the steps as well! Thank you Jx Term In Years Loan Calculator Mortgage Payment Calculator 3Down Payment 4

Please show the formula used and explain the steps as well!

Thank you

Please show the formula used and explain the steps as well! Thank

Jx Term In Years Loan Calculator Mortgage Payment Calculator 3Down Payment 4 5Rate 6 7Manthly Payment 8 Total Interest Price Loan Amout Years S247,000.00 S45,000.00 S202,000.00 9.25% 15 3.375% 15 Date Item Price Down Pymt. Loan Amount 17-Mar-19 Rate House Term $369,000.00 Monthly Payment 75,000.00 Total Interest $0.00 $369,000.00 Total Cost (S202,000.00) S45,000.00 9Total Cast Future Value Present Value 10 11 Interest Rate 12 Months 13 Monthly Investment 14 Future Value 15 6 nstructions: 5.00% 240 S50 S1,904,956,208.48 Annual Rate Term In Years Monthly Pymt Present Value 675% S987 7Find the payment in C7 Please note: If the terms are in years, you multiply the term times 12 to convert the data to months. 18 orrect the function in C14 9 Find the pv in F14 20 Find the loan amount in F7 and the monthly payment in HB 21 23

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