The Ford Taurus promotion is as follows: $22,300 selling price with 4.8% annual interest rate compounded monthly
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Question:
The Ford Taurus promotion is as follows: $22,300 selling price with 4.8% annual interest rate compounded monthly for 5 years. A down payment of 5% is required. Write an Excel function in cell H3 to determine the monthly payment on this loan. (Hint: Use the PMT() function. No $ are needed since you are not copying down or across here.).
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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