Question: Please solve in EXCEL using excel formulas such as (ex: =NPV) You owe 7,000 on a loan with an annual interest rate of 5% and

Please solve in EXCEL using excel formulas such as (ex: =NPV)

You owe 7,000 on a loan with an annual interest rate of 5% and monthly payments of 300 . The bank agreed to lower the monthly payments to 250 while keeping the same interest rate which means you will repay the loan for a longer period. How many more months will it take

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