Question: Using the PMT function Loan amount $150,000 Annual interest rate 7% Number of years 30 Monthly loan payment
| Using the PMT function | |||||||||
| Loan amount | $150,000 | ||||||||
| Annual interest rate | 7% | ||||||||
| Number of years | 30 | ||||||||
| Monthly loan payment | <== Use the PMT function to calculate the loan payment | ||||||||
| Please note: This payment is a monthly payment so be sure to use a monthly rate in your function and | |||||||||
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
