Question: This spreadsheet can be used to calculate the amount of prepaid interest a buyer will need to pay at the closing. Write formulas for cells

This spreadsheet can be used to calculate the amount of prepaid interest a buyer will need to pay at the closing. Write formulas for cells B9, B10, and B11.

1 Enter the loan amount. 3 Enter the closing date. 5 Enter number of days in month. 7 Enter the APR for the loan. 9 Interest due for one year. 10 Daily interest due. Interest due from closing date 11until the end of the month.

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