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1 Formula: Multiply, Subtract; Absolute Cell Referencing 2 3 Using Excel to Create an Installment Payment Schedul PROBLEM 4 5 You qualify for a loan from the Canada Student Loans 6 Program to help finance your education. Once you 7 graduate, you start repaying this note payable. Each 8 monthly cash payment includes principal and interest. 9 Information concerning the loan is presented here. 10 11 12 13 14 15 16 17 Student loan amount Monthly cash payment on loan Number of monthly payments Interest rate on loan $ 20,000 182.98 144 4.8% Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. Prepare an instalment payment schedule for the first four payments Monthly Interest Period Issue Date 1 2 3 4 Cash Payment Interest Expense Reduction of Principal Principal Balance

1 Formula: Multiply, Subtract; Absolute Cell Referencing 2 3 Using Excel to Create an Installment Payment Schedul PROBLEM 4 5 You qualify for a loan from the Canada Student Loans 6 Program to help finance your education. Once you 7 graduate, you start repaying this note payable. Each 8 monthly cash payment includes principal and interest. 9 Information concerning the loan is presented here. 10 11 12 13 14 15 16 17 Student loan amount Monthly cash payment on loan Number of monthly payments Interest rate on loan $ 20,000 182.98 144 4.8% Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. Prepare an instalment payment schedule for the first four payments Monthly Interest Period Issue Date 1 2 3 4 Cash Payment Interest Expense Reduction of Principal Principal Balance

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A D 1 Formula: Multiply, Subtract; Absolute Cell Referencing 3 Using Excel to Create an Installment Payment Schedul PROBLEM 5 You qualify for a loan from the Canada Student Loans 6 Program to help finance your education. Once you 7 graduate, you start repaying this note payable. Each 8 monthly cash payment includes principal and interest. 9 Information concerning the loan is presented here. 10 11 12 13 14 15 16 17 18 Student loan amount Monthly cash payment on loan Number of monthly payments Interest rate on loan $ 20,000 182.98 144 4.8% E G Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. H Prepare an instalment payment schedule for the first four payments Monthly Interest Period Issue Date 1 2 3 4 Cash Payment Interest Expense Reduction of Principal Principal Balance
Transcribed Image Text:A D 1 Formula: Multiply, Subtract; Absolute Cell Referencing 3 Using Excel to Create an Installment Payment Schedul PROBLEM 5 You qualify for a loan from the Canada Student Loans 6 Program to help finance your education. Once you 7 graduate, you start repaying this note payable. Each 8 monthly cash payment includes principal and interest. 9 Information concerning the loan is presented here. 10 11 12 13 14 15 16 17 18 Student loan amount Monthly cash payment on loan Number of monthly payments Interest rate on loan $ 20,000 182.98 144 4.8% E G Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. H Prepare an instalment payment schedule for the first four payments Monthly Interest Period Issue Date 1 2 3 4 Cash Payment Interest Expense Reduction of Principal Principal Balance
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