PMT Function Project - so044.k12.sd.us

Chapter 4 Practice Problems: Use excel PMT function for 36 and 37. 21. Loan payments. If you take out an 8,00 car loan that calls for 48 monthly payments at an APR of 10%, what is your monthly payment? What is the effective annual interest rate on the loan? 36. Amortizing Loan. You take out a 30- year $100,000 mortgage loan with an APR of 6% and monthly payments. In 12 years you decide to sell ... ................
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