Question: Required: A 1 2 3 4 First Name: 5 Last Name: 6 Address: 7 City, State Zip: 8 Annual Income: 9 Credit Score: 13 Decision:

A 1 2 3 4 First Name: 5 Last Name: 6 Address: 7 City, State Zip: 8 Annual Income: 9 Credit Score: 13

Required:

Calculate the periodic rate of the loan in cell B15. Generate the loan payment in cell B16.

A 1 2 3 4 First Name: 5 Last Name: 6 Address: 7 City, State Zip: 8 Annual Income: 9 Credit Score: 13 Decision: 14 Rate: 10 Requested Amount: $ 11 # of Payments 12 15 Payment: 16 17 18 B Mary Bell 123 First Street Philadelphia, PA 19104 $ 85,000 720 25,000 120 D E F Application For Personal Loan G H Credit Score Current Rate 500 6.50% 550 6.25% T 600 650 700 6.00% 5.25% 4.50% 3.75% 3.25% 750 800 K M F

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