Question: Question 3 (1 point) B C D E 1 Based on the following information, you would like to find out How ong to pay off

Question 3 (1 point) B C D E 1 Based on

Question 3 (1 point) B C D E 1 Based on the following information, you would like to find out "How ong to pay off the loan?" 2 3 Loan amount 1,000.00 4 Interest rate 10% 5 Annual payment 250 6 Principal Payment at beginning at end Repayment 7 Year of year of year Interest of principal 8 1 1,000.00 250.00 100.00 150.00 9 2 850.00 250.00 85.00 165.00 10 3 685.00 250.00 68.50 181.50 11 4 503.50 250.00 50.35 199.65 12 5 303.85 250.00 30.39 219.62 13 6 84.24 250.00 8.42 241.58 14 How long to pay 15 off the loan? 16 17 The appropriate formula in cell B15 is: =NPER(B4,B5,B3) =Countyear(B4,B5,B3) =nper(B4,B5,-B3) =(A5 + B5)/2 No correct option

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

G ezto.mheducation.com Activity Stream Untitled Drake - Find Your Love (Official Music Video... )) Course Hero Question 1 - Ch7 Excel Exercise - Connect Ch7 Excel Exercise i Saved Help Save & Exit...

IfyouhaveplayedaSimulationcalledProBankerIneedhelpansweringthesequestionsassoonaspossible from the pro bankerassignment attachment..please use spreadsheet and players manual for reference. Need...

please answer 1. a, b, c, d, e and 2. Mike and Kelly Kyson were two small city teachers who happen to fall in love and get married. Soon after they were married, children were on the way, Kelly was...

part 1 Hey can someone help me out by modifying my code based on the changes required and please ensure that all the test cases meet the expected output. Please make sure that the updated code would...

Document1 Word Review View Help Search E ALI A AaBbccdd AaBbccdd AaBbc AaBbCcc AaB 1 Normal 1 No Spac... Heading 1 Heading 2 Title Paragraph Styles Question 2 James Madison was brought in as...

can someone help me in solving this, and please provide me with the accurate formulas to use? calculate for each company Q1) what is the expected dividend in year 5 for your companies, taking into...

need help on this question excel spread sheet is attached Name Class Id Section E-Mail Address Score 0/100 Problem Problem 3 Answer a b c d e f g Old New Old New Old New Correct Answer Score 0.00...

The Slide Game in Python In this assignment, you will be writing Python code for the Slide Game. Instead of using colourful pictures of squares on a game board (as we saw in the last section), in our...

1. A life insurance company issues standard, preferred, and ultrapreferrepold policies. Of the company's policy holders of a certain age, 60% have standard policies, 30% have preferred policies, and...

please do it in detail M Here are the current account balances for Sharon's Stones: Income Statement account Sales Revenue Service Revenue Cost of Goods Sold Expense Utilities Expense Amount (dr/cr)...

Describe the three tier system that makes up the credit union industry.

On a CVP graph, the total cost line intersects the vertical(dollars) axis at A. the level of the variable costs. B. the origin C. the level of the fixed cost. D. the breakeven point.

The statement of cash flows: Multiple Choice Has two methods for investing cash nlows - direct and indirect. Shows that the change in total cash from one year to the next is equal to the net...

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...