Question: QUESTION 5 Using PMT function in MS Excel, calculate the monthly payment needed to fully pay for a new project manager's vehicle within acquisition cost

QUESTION 5 Using PMT function in MS Excel, calculate the monthly payment needed to fully pay for a new project manager's vehicle within

QUESTION 5 Using PMT function in MS Excel, calculate the monthly payment needed to fully pay for a new project manager's vehicle within acquisition cost of $19,999 in 4 years. Your annual interest rate is 1.99%. (Answer in dollar amounts to 2 decimal places, ie $12,345.67 or $7.89) =PMT(annual interest rate /12), number of monthly payments, original principal amount)

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!

QUESTION 25 Using PMT function in MS Excel, calculate the monthly payment needed to fully pay for a new project manager's vehicle within acquisition cost of $48,138 in 6 years (72 months). Your...

QUESTION 17 Using PMT function in MS Excel, calculate the monthly payment needed to fully pay for a new delivery truck within acquisition cost of $19,998 in 4 years. Your annual interest rate is...

let E18 v f A B D E F G H 1 J K L M Sales Tax Rate 6.754 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Transaction ID Amount Sales Tax Total 578 42.00 579 167.00 580 V209.00 an 581 142.00 Venue 582...

FAN SAHIT ITTHI w E .00.0 JUTH H17 xVfx A C D E F G H 1 K L L M N 1 Basic Loan 35,000.00 1.06% Financial Stress and Forbearance 2 Years into loan hit 6 month pause buttor Interest accrues - no...

C12 fx A D E F H I J T 2 3 Financial Stress and Forbearance 2 Years into loan hit 6 month pause button Interest accrues - no payment made 4 5 6 7 Amount Needed Fee Percent Fee Loan Amount Annual...

please show work as well thank you (formulas) Aid (FSA). Complete each task by inserting the appropriate function, referencing the appropriate cells in the task data, in the specified cells. (3.1...

YO19_Excel_Cho3_Prepare_Wedding Project Description: Clint Keller and Addison Ryan have just booked a wedding at Painted Paradise Resort and Spa When requested by a happy couple, the Turquoise Oasis...

I want to know how all the numbers are going and which ones are specific to organize them by cell 00 Estilos de celda v Formato y filtrar seleccionar datos G14 X V fx A B C D E F G H K L M N O Smith...

CREATE A LOAN ANALYSIS GETTING STARTED Open the file SC_EX19_4a_FirstLastName_1.xlsx, available for download from the SAM website. Save the file as SC_EX19_4a_FirstLastName_2.xlsx by changing the 1...

I'm not sure how this needs more info in case an "expert" says it does this is all the info I am given to complete the assignment. Independent Project 1 - Budget Excel project. Could someone help me...

A mass weighing 4 pounds stretches a spring 4 inches. (a) Formulate an initial-value problem that corresponds to the motion of this un-damped mass-spring system if the mass is extended 7 foot from...

What are the objectives of the closing process? Which kind of accounts get closed? What is the only account that is affected by the closing process but not closed?

In which of the following shipment arrangements does title pass from seller to buyer when goods are shipped? FOB port FOB shipping point FOB location FOB destination

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".