Question: Problem #1: For Problems 1 and 2, you can use any Excel technique explored in the last two labs. You have taken a loan of

Problem #1: For Problems 1 and 2, you can use any

Problem #1: For Problems 1 and 2, you can use any Excel technique explored in the last two labs. You have taken a loan of $268,000 CAD. The nominal annual rate of interest compounded monthly on this loan is 8.39%. You can afford to pay monthly $ 2435.90 CAD. How many months it will take you to repay the loan? Your answer will be an integer value that includes the last monthly payment, which will be smaller than the rest. Problem #1: Just Save Submit Problem #1 for Grading Problem #1 Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5 Your Answer: Your Mark

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