Question: Use the PV function (Present Value) in cell C7 to determine the ending balance for year1. Recall from the lecture that the number of periods
Use the PV function (Present Value) in cell C7 to determine the ending balance for year1. Recall from the lecture that the number of periods left will be the total length of theloan less the number of years already passed. For year 1, the number of years passedwould be in cell A7
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