Question: the math in microsoft excel is not calculating correct to the right number. if you multiply $7400*.015, the answer should be $111.00.. the answer the

the math in microsoft excel is not calculating correct to the right number. if you multiply $7400*.015, the answer should be $111.00.. the answer the formula is giving me is $112.69. How do i correct this?

2.11 Calculate the loan interest for each month. a. The loan interest is equal to the loan balance for that month times the monthly interest rate in cell (3). b. This calculation will create a circular refeyence. Configure Excel to appropritely handle the circular reference. c. Reuse your formula to complete the loan interest for each month

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