Question: Use the IPMT function in cell D12 to calculate the interest paid for the first payment of the loan. Use the information in the loan

 Use the IPMT function in cell D12 to calculate the interest

Use the IPMT function in cell D12 to calculate the interest paid for the first payment of the loan. Use the information in the loan details section (E6:E9) of the worksheet to locate the required inputs for the function. Be sure to use the appropriate absolute, relative, or mixed cell references. All results should be formatted as positive numbers

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