in range F4:L8, use two variable data table to find out the monthly payment you should pay based on different loan amount and time periods Terms.?? plz just tell me how to use the two variable data to find the monthly payment you should pay based on different loan amount and time periods Terms

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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Qd 254.

in range F4:L8, use two variable data table to find out the
monthly payment you should pay based on different loan
amount and time periods Terms.??
plz just tell me how to use the two variable data to find
the monthly payment you should pay based on different
loan amount and time periods Terms
Transcribed Image Text:in range F4:L8, use two variable data table to find out the monthly payment you should pay based on different loan amount and time periods Terms.?? plz just tell me how to use the two variable data to find the monthly payment you should pay based on different loan amount and time periods Terms
11
B
Initial Investment
Loan Amount
PMT
PV
x
Annual Interest Rate
Interest Rate (Monthly)
Number of Months(NPER)
Monthly Payment
Number of Periods
Quartion
Bank offer
fx
Burinorr Loan
C
($50,000)
$750,000
4.00%
0.33%
120
($15,186.77)
$4,500.00
$500,000.00
O
D
Loan Amounts
E
($15,186.77)
500,000
750,000
1,000,000
1,250,000
1,500,000
F
120
G
132
H
144
Time Periods
156
J
168
K
180
L
192
Transcribed Image Text:11 B Initial Investment Loan Amount PMT PV x Annual Interest Rate Interest Rate (Monthly) Number of Months(NPER) Monthly Payment Number of Periods Quartion Bank offer fx Burinorr Loan C ($50,000) $750,000 4.00% 0.33% 120 ($15,186.77) $4,500.00 $500,000.00 O D Loan Amounts E ($15,186.77) 500,000 750,000 1,000,000 1,250,000 1,500,000 F 120 G 132 H 144 Time Periods 156 J 168 K 180 L 192
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