Question: Solve using excel and show how its done. Have the answer just dont know how to use it with excel 6. What is the (annual)

Solve using excel and show how its done. Have the answer just dont know how to use it with excel

Solve using excel and show how its done. Have the answer just

6. What is the (annual) interest rate for the following mortgage? Loan amount: $100,000 30 years to maturity Monthly payment: $632.07 [-632.07 PMT, 100,000 PV, 30X12 N, i]=.5417\%; .5417\%X12=6.5\%. Remember to enter the payment as a negative number

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