Question: using excel. please help me figure out the blanks. Thank you in advance!! Also, please show whats in each cell. thank you! At a local
At a local furniture store, you have found an assortment of couches, chairs, tables, and beds that you think would look great in your new two-bedroom apartment; the total cost for everything is $10,000. So you have decided to take out an installment loan for $10,000 to pay for the furniture. The furniture store offers to lend you the moncy for 48 months at an add-on interest rate of 6.5 percent. The credit union at your firm also offers to lend you the money at a simple interest rate of 7.0 percent for a term of 24 months. Payments are made monthly. Compute the total payment for each loan offer. Which loan should you choose
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